CMA CGM begins exclusive discussions with Neptune Orient Lines
CMA CGM has entered exclusive discussions to acquire Neptune Orient Lines (NOL), overcoming competition from Maersk. The exclusivity period is expected to run until December 7, 2015.
A statement from the French carrier said: “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.”
The takeover “would further reinforce CMA CGM as a global force in container shipping, leveraging the strong geographic and operational complementarity of both groups,” it added.
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