CMA CGM Stays in Red, Pays Back NOL Takeover Loan
PARIS, Nov 18 (Reuters) – CMA CGM, the world’s third-largest container shipping company, posted on Friday another net loss in the third quarter as freight rates remained weak and it...
PARIS, Nov 18 (Reuters) – CMA CGM, the world’s third-largest container shipping company, posted on Friday another net loss in the third quarter as freight rates remained weak and it...
PARIS, Oct 20 (Reuters) – CMA CGM, the world’s third-largest container shipping firm, has already reimbursed half of a $1.6 billion bank loan taken out to fund its acquisition of...
French container shipping group CMA CGM has taken full control of Singapore’s Neptune Orient Lines after crossing the 90% ownership threshold required to take the company private. CMA CGM announced...
French shipping company CMA CGM has formed joint venture to operate and use four megaship berths in Singapore as the company looks to expand its operations in Asia’s top shipping...
PARIS, June 13 (Reuters) – French container shipping firm CMA CGM plans to delist Neptune Orient Lines (NOL) following its takeover of the Singaporean shipper, CMA CGM’s vice chairman Rodolphe...
French shipping group CMA CGM has upped its stake in Singapore-listed rival NOL to 78% after NOL’s majority shareholder unloaded its shares as planned. CMA CGM said late Thursday that former...
French container shipping company CMA CGM has launched an all-cash offer for all outstanding shares of Singapore-listed Neptune Orient Lines. The offer price is SGD 1.30 in cash per NOL...
PARIS, May 25 (Reuters) – CMA CGM, the world’s third-largest container shipping firm, is to go ahead with its planned acquisition of Singapore’s Neptune Orient Lines (NOL) after receiving regulatory...
By Alessandro Pasetti (TheLoadstar) This month, Singapore container shipping line Neptune Orient Lines finally agreed to be acquired by France’s CMA CGM in a cash deal that values its equity...
By Mike Wackett, (The Loadstar) On the assumption that CMA CGM’s acquisition of NOL receives the approval of anti-trust authorities next year, senior executives are drafting integration plans for the two...
By Kyunghee Park and Joyce Koh (Bloomberg) — CMA CGM SA’s S$3.38 billion ($2.4 billion) takeover of Neptune Orient Lines Ltd. offers two advantages for Singapore: It allows state investment...
By Saeed Azhar, Rujun Shen and Gus Trompiz PARIS/SINGAPORE, Dec 7 (Reuters) – French container shipping giant CMA CGM is to buy Singapore’s Neptune Orient Lines for $2.4 billion, making...
SINGAPORE, Dec 7 (Reuters) – France’s CMA CGM is set to buy a stake of almost 67 percent in Neptune Orient Lines from Singapore state investor Temasek Holdings, a source...
SINGAPORE, Dec 7 (Reuters) – Shares of Singapore’s Neptune Orient Lines Ltd (NOL) were suspended on Monday as talks between French shipping giant CMA CGM SA to acquire NOL from...
By Joyce Koh (Bloomberg) — CMA CGM SA, the world’s No. 3 container shipping company, is in talks with lenders to finance its potential takeover bid for Singapore’s Neptune Orient...
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