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CMA CGM begins exclusive discussions with Neptune Orient Lines

November 24, 2015
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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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