Independent journal on economy and transport policy
06:51 GMT+2
This page has been automatically translated by Original news
NOL confirmation of being in negotiations for the cession of the group with CMA CGM and A.P. Møller-Mærsk
the shipowning society of Singapore has specified that draft of preliminary arguments
November 9, 2015
With an official notice to the Stock exchange of Singapore, saturday the shipowning group Neptune Orient Lines (NOL) of Singapore has confirmed of being in negotiations for the cession of the group with the French shipowning company CMA CGM and with that Danish A.P. Møller-Mærsk, announcement that is anticipated friday from the news agency "Bloomberg".
Specifying that draft of preliminary arguments, NOL has emphasized of having "the duty to estimate all the options in order to maximize the value for the shareholders and in order to improve own competitiveness". "Every now and then - it has explained the group of Singapore - NOL enters in arguments on possible combinations that they involve the NOL, always remaining focused on bringing back own Core business of the services of line to a sustainable and profitable increase". Services of line that NOL work with brand APL inherited from the American President Lines, company of acquired American navigation from the group of Singapore in 1997 ( on 15 April 1997).
"Not there is some guarantee - it has specified group NOL - than such arguments will be translate in a any definitive agreement or a transaction, or that any offer for NOL is advanced or on which they could be the terms of an offer that could be introduced".
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher