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CMA CGM given exclusive deal to work out offer for NOL in a fortnight

Acquiring NOL would help consolidate CMA's No 3 position in container shipping. The exclusivity deal is valid till 11.59pm on Dec 7.


NEPTUNE Orient Lines (NOL) has signed an exclusivity agreement with France's CMA CGM for a potential acquisition of the Singapore company by way of a pre-conditional voluntary general offer.

If successful, the deal would be one of the top M&A deals involving a