Independent journal on economy and transport policy
04:00 GMT+2
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CMA CGM announces the presentation of the final offer for the acquisition of group NOL
the economic value will be unchanged regarding that of the preliminary proposal
May 30, 2016
The French shipowning group CMA CGM has announced today that, as a result of the satisfaction or repeals in part unanimously to the preconditions placed in the preliminary offer for the acquisition of the group Neptune Orient Lines (NOL) accepted from the board of directors of the company of Singapore at the end last year ( on 7 December 2015), it will advance a final offer for the acquisition of all the capital stock of the NOL.
The offered new will be based on the price of 1,30 dollars of Singapore (0,94 USA dollars) for cash each action of the Asian group, price that is that proposed in the approved of preliminary offer to December and that - has emphasized the French group - CMA CGM does not have the intention of rise.
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