CMA CGM’s takeover of Neptune Orient Lines (NOL) is all but done after its majority shareholder Temasek tendered all of their shares in acceptance of the offer.
The sale of its stake by the Singapore government investment fund gives CMA CGM a 78.07% stake in the Singapore national flag carrier.
The French containership giant said in a statement that the offer has therefore been declared to be wholly unconditional.
“We
