Chinese regulator approves CMA CGM’s NOL acquisition
The Anti-monopoly Bureau of the Chinese Ministry of Commerce (MOFCOM) has approved CMA CGM’s acquisition of Neptune Orient Lines (NOL).
The French giant said it expects to announce its proposed voluntary general cash offer for NOL by June 2, 2016.
In December 2015, CMA CGM announced a pre-conditional voluntary general cash offer for NOL at the price of SGD1.30 (US$0.94) per share.
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