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21 October 2019 The on-line newspaper devoted to the world of transports 11:45 GMT+2

June 10, 2016

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Original news
CMA CGM has obtained the control of the group Neptune Orient Lines

NOL more will not be quoted to the Stock exchange of Singapore

the French shipowning group CMA CGM has announced today to have obtained the control of the Neptune Orient Lines (NOL), company of Singapore whose Core business, after to have yielded branch logistic APL Logistics the Kintetsu Japanese World Express(of 17 February 2015), is centralized on the operated activity of containerized marine transport from the fleet of branch APL.

CMA CGM, than from the end of 2015 has in course negotiations in order to buy group NOL(of 23 November 2015), past monday has introduced the final offer for the acquisition cash of the group of Singapore(of the 6 june 2016)

the French group has announced that the offer is accepted by the Temasek group of Singapore and its associates, than together stops 66.77% of the capital of the NOL, and that therefore, with 0.51% of the capital of the NOL in hand to other shareholders who have accepted the offer and to 10.79% of the capital of the NOL that CMA CMG has acquired on the market, now it possesses 78.07% of the NOL and that the offer is declared totally unconditioned.

CMA CGM has announced moreover that the NOL will exit from the share list of the Stock exchange of Singapore.

Today, with the acquisition of the control from the French group, is renewed the board of directors of the NOL that turns out formed from Rodolphe Saadé (president), Nicolas Sartini, Lars Kastrup, Serge Corbel, Ziad Tabet, Mathilde Lemoine, Ng Yat Chung, Kwa Chong Seng, Quek See Tiat and Tan Puay Chiang.

"We - Tan Chong Lee has commented, in charge of the team that manages the pocketbook of the Temasek group - are in favor of such operation as he gives to NOL the opportunity to join to an operating leader with an immense total and a consolidated presence operating experience. The fusion between NOL and CMA CGM will create to a navigation company leader who will offer a reliable and efficient service to own customers. The their complementary points of force will produce turned out favorable for both. Moreover - it has specified Chong Lee - we take note and we receive with favor of the engagement of CMA CGM to increase the marine role of Singapore which hub key and to grow the enlivened volumes of containerized trade to Singapore".

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