Neptune Orient Lines (NOL) has offloaded another logistics operation as it focuses on container shipping.
The company, which is being taken over by CMA CGM, said its NOL Liner division sold its 99.99% stake in India Infrastructure & Logistics Private Limited (IILPL), which operates freight rail train services in India.
The price is $38.7m and the buyer is its former APL Logistics (APLL) business, which was acquired by Kintetsu World Express in 2015..
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