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NOL jumps on news of APL Logistics' sale
Published Wed, Feb 18, 2015 · 09:50 PM
Singapore
SHARES of Neptune Orient Lines (NOL) climbed more than 3 per cent on Wednesday on the news that it is selling its logistics business.
The shipping line had announced after market close on Tuesday that it had agreed to sell APL Logistics for US$1.2 billion to Japanese logistics company Kintetsu World Express (KWE).
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