Independent journal on economy and transport policy
12:04 GMT+1
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CMA CGM has obtained beyond 90% of the capital of the NOL
In forecast the exercise of the right of coactive acquisition of remaining sets in action
June 28, 2016
The French shipowning group CMA CGM has announced that with own offer for the acquisition of the Neptune Orient Lines (NOL), started 6th june ( on 6 June 2016), it has obtained beyond 90% of the capital of the company of Singapore having now the property of 2.361.044.044 sets in action pairs to about 90.68% of the total.
Moreover CMA CGM, as announced in occasion of the acquisition of the control of group NOL ( on 10 June 2016), it has confirmed the intention to carry out the delisting of the NOL from the Stock exchange of Singapore and that, if obtains beyond 91.05% of the capital of the NOL, it will exercise own right of coactive acquisition of remaining sets in action in the hands of the shareholders who have not accepted the offer as expected from Capitolo 50 of the Companies Act of Singapore.
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