France's CMA CGM offers to buy Singapore's Neptune Orient Lines
French transportation firm CMA CGM
Singapore - Arab Today
French transportation firm CMA CGM SA said Monday it has offered to buy Singapore-based container liner Neptune Orient Lines (NOL) in a bid to boost its presence in Asia.
The deal announced in a filing with the Singapore Exchange where NOL is listed values the Singapore container firm at around Sg$3.4 billion ($2.4 billion), according to the total number of company shares.
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