Independent journal on economy and transport policy
12:20 GMT+1
This page has been automatically translated by Original news
CMA CGM anticipates own final offer in order to acquire group NOL
The adhesions will have to reach within on 4 July
June 6, 2016
The French shipowning group CMA CGM has introduced today own final offer in order to acquire the remaining capital stock of the Neptune Orient Lines (NOL) of Singapore not still in its possession, that is 89.5% of the capital of the group of Singapore that work containerized marine services through the company of navigation APL and that is controlled by the group Temasek Holdings of Singapore that currently stops 66.78% of the NOL.
As already announced from the French group the economic value of the offer, than it will not endure increments, it is of 1,30 dollars of Singapore for each action ( on December 7, 2015 and 30 May 2016). The adhesions to the offer will have to reach within the 5,30 afternoon ones, now of Singapore, next the 4 July.
"Six months after the announcement, and after to have obtained the necessary authorizations - it has emphasized the vice president of the French group, Rodolphe Saadé - today CMA CGM anticipates its offer on the actions of the NOL. We offer to every shareholder 1,30 dollars of Singapore per.share. In a particularly challenging international context for the marine transport - it has found - our offer fully values the NOL and in fair way. We are convinced that he can be of interest for all the shareholders, so as it has been about to controlled Temasek and its that they have been engaged to transfer their participation of 66.78%".
- 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
The French shipowning group CMA CGM has introduced today own final offer in order to acquire the remaining capital stock of the Neptune Orient Lines (NOL) of Singapore not still in its possession, that is 89.5% of the capital of the group of Singapore that work containerized marine services through the company of navigation APL and that is controlled by the group Temasek Holdings of Singapore that currently stops 66.78% of the NOL.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
