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

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Published Sun, Nov 22, 2015 · 09:50 PM

    Singapore

    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 Singapore entity and among the biggest tie-ups between container shipping lines in recent years. The SGX-listed Singapore company has a current market capitalisation of about S$3 billion.

    CMA CGM

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