NOL urged to sell terminals and liner business separately
Former deputy CEO Lim How Teck says this would allow Temasek to fetch top dollar on NOL divestment
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Anita Gabriel
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Singapore
NEPTUNE Orient Lines (NOL) should carve out and sell its terminals in the US and Asia to a third party, say PSA International, instead of selling its business as "one whole package", said a former key executive of the company.
This would enable its controlling shareholder, Temasek Holdings, to fetch top dollar or a "premium" in its planned sale of NOL, said shipping veteran and former NOL deputy chief executive Lim How Teck.
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