China gives go-ahead to CMA CGM takeover of NOL

NOL-CMACGM

Chinese authorities gave the go-ahead for CMA CGM’s takeover of Neptune Orient Lines (NOL).

Following approvals from the European Commission and China, CMA CGM said on Wednesday it expects to announce its general offer for NOL by next week at the latest.

CMA CGM announced it was offering SGD1.30 per share in a $2.4bn takeover of NOL last December.

LEAVE A COMMENT

×

Comments are closed.