NOL's sale will not affect Singapore's status as shipping hub: Analysts

8 Dec 2015 - Channel NewsAsia
SINGAPORE: Despite the sale of Neptune Orient Lines (NOL) to CMA CGM, analysts have said they believe Singapore will still retain its status as a shipping hub. On Monday (Dec 7), Singapore investment firm Temasek Holdings - which controls 66.8 per cent of NOL - agreed to sell its shares to the French ...
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Daily Briefing: Singapore developer plans tallest skyscraper in London; CMA CGM offers to buy NOL

8 Dec 2015 - Singapore Business Review
And here’s the deal on Singapore’s new push for tech-based senior care. Aroland Holdings Ltd., a Singapore-based developer, plans to build the tallest tower in the City of London’s financial district near the skyscrapers known as The Cheesegrater and The Gherkin. The 73-story building will include a ...
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Scale the key reason for merger: NOL, CMA

7 Dec 2015 - Channel NewsAsia
SINGAPORE: With the outlook of the global container shipping industry remaining grim, joining forces to build up additional scale is the key answer to ensuring growth, representatives of France's CMA CGM and Singapore's Neptune Orient Lines said at a joint press conference on Monday (Dec 7). Earlier ...
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CMA CGM to establish regional headquarters in Singapore after NOL takeover

7 Dec 2015 - Singapore Business Review
To boost Singapore’s position as a maritime hub. French shipping company CMA CGM will establish its regional headquarters in Singapore following its decision to acquire a majority stake in Neptune Orient Lines. The companies said in a joint statement that CMA CGM attaches significant importance to Singapore ...
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France's CMA CGM offers to buy NOL at S$1.30 per share

7 Dec 2015 - Channel NewsAsia
SINGAPORE: French shipping giant CMA CGM has agreed to buy a controlling stake in Singapore's Neptune Orient Lines (NOL) at S$1.30 a share, the two companies said in a joint statement on Monday (Dec 7). The offer price is nearly 6 per cent higher than NOL’s closing price of S$1.225 per share on Friday, ...
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Temasek bids loss-making NOL goodbye for $3.4b

7 Dec 2015 - Singapore Business Review
The deal will be completed in mid-2016. French shipping company CMA CGM has unveiled its $3.4b pre-conditional general cash offer for Temasek’s 67% stake in Singapore-based container shipping group Neptune Orient Lines (NOL). Upon gaining approvals from antitrust authorities, CMA CGM will launch an offer ...
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France's CMA CGM offers S$1.30 per NOL share

7 Dec 2015 - Channel NewsAsia
SINGAPORE: France's shipping giant CMA CGM will offer S$1.30 in cash for each share of Singapore's Neptune Orient Lines, according to a offer document released on Monday (Dec 7). The offer price is higher than the closing price of S$1.225 per share on Friday, and values NOL at approximately S$3.38 billion. ...
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France's CMA CGM set to buy majority stake in NOL: Source

7 Dec 2015 - Channel NewsAsia
SINGAPORE: France's CMA CGM is set to buy a controlling stake in Neptune Orient Lines from Singapore state investor Temasek Holdings, a person with knowledge of the matter said, in a deal that would extend the reach of the world's third largest container shipping firm in trans-Pacific maritime routes. ...
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CMA CGM readies $3.4b cash offer for NOL

7 Dec 2015 - Singapore Business Review
It will pay $1.30 per share. France’s CMA CGM SA is nearing a definitive offer to buy Neptune Orient Lines Ltd. for about S$3.4 billion ($2.4 billion), people with knowledge of the matter said, consolidating its position in an industry facing its worst year since 2009, according to a report by Bloomberg. ...
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CMA CGM set to buy near 67 pct stake in NOL from Temasek

7 Dec 2015 - DealStreetAsia
France’s CMA CGM is set to buy a stake of almost 67 percent in Neptune Orient Lines from Singapore state investor Temasek Holdings, a source with knowledge of the deal said. CMA CGM is likely to pay a significant premium over NOL’s “unaffected price”, the level in early November when the Singapore shipping ...
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