CMA CGM is now ready to take over NOL

CMA CGM now owns so many shares in Neptune Orient Lines (NOL) that the company can take ownership of the Singapore-based carrier through a compulsory acquisition, which is expected to take around one month.

Photo: PR-foto/CMA CGM

French container carrier CMA CGM has crossed the share threshold and is now able to take ownership of Neptune Orient Lines (NOL) through a compulsory acquisition, informs CMA CGM in a press release.

CMA CGM now owns 91.29 percent of the share capital in the Singapore-based carrier.

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