CMA CGM has completed acquisition of Singaporean firm, Neptune Orient Lines Limited (NOL) for USD 2.5 billion.
The French container line now owns 97.83% of share capital in NOL. NOL finished trading shares on the Singapore Exchange on June 18 and since then trading has been suspended.
CMA CGM has commenced the remaining 2% share acquisition process and will pay the equal price of USD 1.30 for the remaining shares.
Once completed, CMA CGM will become the full owner of NOL, which later on will be delisted from the Singapore stock exchange.
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