AsiaContainers
CMA CGM ready to delist NOL
CMA CGM has crossed the 90% ownership threshold in Singapore’s Neptune Orient Lines (NOL), the parent of boxline APL.
Following its all-cash voluntary conditional general offer) for NOL which was launched on June 6, CMA CGM now owns 2,361,044,044 shares representing approximately 90.68% of NOL’s share capital.
CMA CGM said it now intends to have NOL delisted from the main board of the Singapore Exchange, pushing through a compulsory acquisition to acquire all the remaining NOL shares.