RSS   Newsletter   Contact   Advertise with us

CMA CGM in exclusive merger talk with Neptune Orient Lines

Staff writer ▼ | November 23, 2015
CMA CGM confirmed that it has entered into exclusive discussions with Neptune Orient Lines (NOL) and Lentor Investments, a wholly-owned subsidiary of Temasek Holdings, its controlling shareholder, for a potential combination with NOL.
Possible merger   A combination of two shipping companies
The exclusivity period is expected to run until December 7, 2015. Should these discussions lead to an agreement, such a combination would contribute to the consolidation of the container shipping industry, at a time when scale is more critical than ever.

It would further reinforce CMA CGM as a global force in container shipping, leveraging the strong geographic and operational complementarity of both groups.