CMA CGM bids USD 2.4 billion for NOL

On Monday the French container carrier announced its takeover bid for a controlling stake in Singapore-based carrier Neptune Orient Lines (NOL), reports Bloomberg.

The world's third-largest container carrier, CMA CGM, on Monday bid USD 2.4 billion for Singapore-based Neptune Orient Lines, NOL, reports Bloomberg News.

The news agency earlier on Monday was able to quote sources familiar with the process stating that the bid was underway.

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