CMA CGM ready to make final NOL takeover offer

The French container carrier is now ready to make a final offer for the remaining shares in Singapore-based Neptune Orient Lines, NOL.

Photo: CMA CGM

CMA CGM has now satisfied the conditions outlined in a pre-conditional offer announcement from struggling Singapore-based shipping group Neptune Orient Lines, NOL, in December 2015, informs the carrier in a press release on Monday.

The French container carrier will offer 1.30 Singapore dollars, or USD 0.94, per remaining share in NOL for a combined offer price of around USD 2.4 billion.

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