CMA CGM today announces that its all-cash voluntary unconditional general offer for NOL closed at 5.30 p.m. on July 18, 2016.
CMA CGM S.A. (CMA CGM) today announces that it has crossed the 90% ownership threshold in Neptune Orient Lines Limited (NOL).
CMA CGM S.A. (CMA CGM) satisfied on 9 June the acceptance condition in its all-cash voluntary conditional general offer (Offer) for Neptune Orient Lines Limited (NOL), after NOL’s majority shareholders (Temasek and its affiliates) tendered all of their shares in acceptance of the Offer.
CMA CGM S.A. (CMA CGM), a global leader in container shipping, today launched an all-cash voluntary conditional general offer (Offer) for all outstanding shares of Neptune Orient Lines Limited (NOL) other than those it already owns, controls or has agreed to acquire.
CMA CGM S.A. (CMA CGM), a global leader in container shipping, announces that it has received confirmation that its pending acquisition of Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company (SGX: N03), has been cleared by the Anti-monopoly Bureau of the Chinese Ministry of Commerce (MOFCOM).
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Neptune Oriental Lines (“NOL”) of Singapore by rival CMA CGM, a French shipping company with worldwide activities. The clearance is conditional upon NOL leaving the G6 liner shipping alliance.
French container shipping group CMA CGM has offered concessions in a bid to win European Union antitrust approval for its $2.4 billion takeover of Singaporean rival Neptune Orient Lines.
French container shipping giant CMA CGM will know by April 15 whether European Union antitrust regulators will approve its $2.4 billion bid for Singaporean rival Neptune Orient Lines to strengthen its No. 3 spot in the industry.
France’s CMA CGM, the world’s third-largest container shipping firm, made a S$3.4 billion ($2.43 billion) offer on Monday to buy Singapore’s Neptune Orient Lines to expand its presence on trans-Pacific routes.