The merger between CMA CGM and NOL is approaching. Singapore's state-run investment department, Temasek holdings, which is majority stakeholder in Neptune Orient Lines (NOL), has accepted the offer from France's CMA CGM. The move will give CMA CGM a at 78.07 percent stake in NOL, informs Neptune Orient Lines in a press release.
The deadline for the remaining shareholders to accept the CMA CGM offer to pay USD 1.3 per share is July 18th. This is the equivalent of the bidding price from December.