Temasek seeking to divest stake in Neptune Orient Lines: WSJ

Temasek seeking to divest stake in Neptune Orient Lines: WSJ

APL containers. Credit: NOL

Singapore state fund Temasek Holdings is seeking to divest its majority 65 per cent stake in container-shipping company Neptune Orient Lines (NOL), which currently maintains a market capitalisation of S$2.3 billion ($1.692 billion), the Wall Street Journal reported citing peple familiar with the development.

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