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NOL suspends share trading as clock ticks down for CMA CGM bidNOL suspends share trading as clock ticks down for CMA CGM bid

The clock is ticking down on a potential acquisition of Neptune Orient Lines (NOL) by CMA CGM with the Singapore company suspending its shares on Monday morning pending an announcement.

Marcus Hand, Editor

December 6, 2015

1 Min Read
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The Singapore-headquartered shipping company and CMA CGM signed an exclusivity agreement on negotiations for an acquisition by the French line on 21 November and this expires at 11-59pm Singapore time on 7 December. NOL requested a trading halt for its shares on the Singapore Exchange before trading started on Monday pending an annoucement.

CMA CGM was reported on 3 December to have lined-up funds for the buyout.

By slot capacity it would the largest consolidation in the history of container shipping surpassing Maersk buyout of P&O Nedlloyd.

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SingaporeCMA CGM

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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