CMA CGM to delist NOL: French paper

Paris

FRENCH container shipping firm CMA CGM plans to delist Neptune Orient Lines (NOL) following its takeover of the Singaporean shipper, CMA CGM's vice-chairman Rodolphe Saade told French daily Les Echos.

CMA CGM, the world's third largest container shipping company, said earlier this month that it holds over 78 per cent of NOL shares after buying Temasek Holdings' stake in a US$2.4 billion deal agreed last year.