CMA CGM now owns more than 90 percent of NOL

The French container carrier will soon be ready to de-list NOL from the Singapore Stock Exchange. The shareholders in NOL have until July 18th to accept the purchasing offer.

Photo: PR-foto/CMA CGM

French container carrier CMA CGM now owns more than 90 percent of the shares in Neptune Orient Lines (NOL) after the company made it's offer to buy the Singaporean carrier.

CMA CGM presented a purchasing offer on June 6th of 1.3 Singapore dollars per share in NOL and has since obtained an owner's share of 90.68 percent of NOL's total share capital.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs