The Chinese authorities have given clearance for CMA CGM’s takeover of Neptune Orient Lines (NOL).

CMA CGM now owns 10% of takeover target Neptune Orient Lines (NOL) as open share buys continue on a near daily basis.

CMA CGM has moved a step closer to its planned $2.4bn takeover of Neptune Orient Lines (NOL) with approval from the European Commission (EC).

CMA CGM now owns over 5% of takeover target Neptune Orient Lines (NOL).

CMA CGM has now bought more than 2% of the shares in takeover target Neptune Orient Lines (NOL) for less than its offer price.

CMA CGM has increased its stake in Neptune Orient Lines (NOL) to 1.18% as it continues to buy up shares on the open market for less than its takeover offer.

CMA CGM is slowly building a stake in Neptune Orient Lines (NOL) for less than the price pre share it has offered in a planned takeover deal.

Main shareholder Marc Saverys has acquired a 95.77% stake in bulk carrier operator Compagnie Maritime Belge (CMB) in order to de-list it from the Euronext Brussels exchange.

Triton Investments No.8 have bought a 80.77% stake in struggling Singapore-listed offshore player Japser Investments for just SGD1.25m ($899,487), a discount of 93.33% over its last traded price.

Marc Saverys has launched a bid to take CMB private, offering slightly over a 20% premium.