CMA CGM crosses 91.05% ownership threshold of NOL

CMA CGM officials crossed the 91.05% threshold in its acquisition of Neptune Orient Lines Limited (NOL). Following its all-cash voluntary conditional general offer for NOL which was launched on June 6th, 2016, CMA CGM now owns 2,376,715,557 shares representing approximately 91.28% of NOL’s share capital. CMA CGM confirms that it intends to exercise its rights of compulsory acquisition to compulsorily acquire all the NOL shares held by NOL shareholders who have ... [+]

CMA CGM’s stake in NOL is 78.07%

CMA CGM S.A. (CMA CGM) satisfied on 9 June the acceptance condition in its all-cash voluntary conditional general 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. The Offer has therefore been declared to ... [+]

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, ... [+]

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