Maersk allegedly considering NOL acquisition

Maersk and French container carrier CMA CGM are, according to Bloomberg, allegedly both interested in acquiring competitor Neptune Orient Lines (NOL), based in Singapore.

Maersk and CMA CGM, the world's third-largest container carrier, are allegedly both considering moves to acquire competitor Neptune Orient Lines (NOL), with headquarters in Singapore, reports Bloomberg News, citing anonymous sources familiar with the process.

According to Bloomberg, CMA CGM is furthest along in the process, as the Marseilles-based company is said to have made a preliminary offer on Neptune Orient Lines, which has a market value of around USD 1.9 billion. The company is now performing due diligence in which it gains access to the Singapore-based carrier's books.

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