CMA CGM builds stake in Singapore's NOL at discount to takeover price

CMA CGM builds stake in Singapore's NOL at discount to takeover price

France’s CMA CGM, the world’s third-largest container shipping firm, which had earlier this month entered into a deal to buy Singapore’s Neptune Orient Lines, has now begun building its stake in the Temasek-controlled company, at a lower price per share, than its takeover price of S$1.30 a share.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter