src="/files/fa/news/es/Thumbnails/41afb5eb-b18d-4f8f-b599-3f7e418f3b75_260_199.jpg' class='img_convert' title='CMA CGM offers for remaining NOL shares' alt='CMA CGM offers for remaining NOL shares'>According to MANA,The CMA CGM offer followed approvals by the relevant regulatory authorities in the European Union and China.
CMA CGM said the offer price is SGD1.30 ($0.96) per NOL share in cash, which CMA CGM does not intend to increase.
The total carrying capacity of CMA CGM and NOL would increase to approximately 2.35m teu, giving them a market share of around 11.7%, a fleet of some 540 vessels and a combined annual turnover of about $21bn.
CMA CGM currently owns 10.5% of all NOL shares, and it intends to delist the Singapore-listed company and privatise NOL through the takeover offer. NOL is majority controlled by Singapore’s Temasek Holdings and its affiliates, which own 66.78% of all NOL shares.