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CMA CGM set to take NOL private as stake crosses 90%

It intends to proceed with compulsory acquisition when holding breaches 91.05%

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Marseille-based shipping company CMA CGM is set to take Neptune Orient Lines (NOL) private now that its offer has crossed the 90 per cent threshold for a delisting and is close to the 91.05 per cent mark for it to proceed with compulsory acquisition of shares held by those who have not accepted the bid.

Singapore

MARSEILLE-BASED shipping company CMA CGM is set to take Neptune Orient Lines (NOL) private now that its offer has crossed the 90 per cent threshold for a delisting and is close to the 91.05 per cent mark for it to proceed with compulsory acquisition of shares held by those who...

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