CMA CGM has launched its all-cash voluntary offer to acquire all outstanding shares of Neptune Orient Lines (NOL) and create a new behemoth in the containership industry.
The French company, which currently holds a 10.5% stake in NOL, is paying SGD 1.30 ($0.96) for the remaining shares in the Singaporean firm.
CMA CGM was quick to make its offer following approvals from the relevant regulatory authorities in Europe and China.
Rodolphe
