CMA CGM negotiating loan for acquisition

The French carrier is in talks with lenders including BNP Paribas, HSBC Holdings and JPMorgan Chase to secure funds for backing a bid on Neptune Orient Line, reports Bloomberg.

French container carrier CMA CGM is allegedly working to raise money for an acquisition of Singapore-based carrier Neptune Orient Line (NOL).

The world's third-largest container carrier is in talks with lenders to secure capital to finance the potential bid to take over NOL, sources familiar with the process tell Bloomberg News.

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