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CMA in merger talks with NOL

French-based global liner company CMA CGM says it has entered into exclusive discussions with rival operator Neptune Orient Lines (NOL) and its controlling shareholder, Lentor Investments on a potential combination. The exclusivity period is expected to run until 7 December. CMA CGM said that, “should these discussions lead to an agreement, such a combination would contribute to the consolidation of the container shipping industry, at a time when scale is more ... [+]

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