French shipping major CMA CGM offers $2.43b to buy controlling stake in Singapore NOL; Temasek exits

French shipping major CMA CGM offers $2.43b to buy controlling stake in Singapore NOL; Temasek exits

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.

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