Viernes 22 de Junio del 2018

CMA CGM proceeds with $2.4bn offer to acquire NOL

CMA CGM has priced each NOL share at S$1.30 in cash which represents a 49% premium to NOL's unaffected share price with CMA CGM specifying that the price will remain fixed

French container shipping company CMA CGM has confirmed its intention to acquire Singapore-based global container shipping firm Neptune Orient Lines (NOL) in an all-cash voluntary conditional general offer for all outstanding shares.

CMA CGM has priced each NOL share at S$1.30 in cash which represents a 49% premium to NOL's unaffected share price with CMA CGM specifying that the price will remain fixed. The total amount to be invested by CMA CGM will be S$3.4bn ($2.4bn).

The announcement comes after the potential transaction secured the regulatory approvals from Anti-monopoly Bureau of the Chinese Ministry of Commerce (MOFCOM) and the European Commission.

The granting of approval depended upon NOL exiting the G6 alliance.

Maybank Kim Eng Securities has been appointed to serve as an independent financial adviser for NOL.

Last December, NOL's majority shareholders, Temasek and its affiliates, agreed to tender all of their shares in acceptance of the offer.

Established in 1978, CMA CGM has a current portfolio of 471 vessels. It operates in 160 countries and employs more than 22,000 people worldwide, including 2,400 at its headquarters in Marseille, France.

Headquarted in Singapore, NOL has a fleet of 88 vessels, serving in more than 50 countries and employ over 7000 employees.

The transaction is expected to widen the business scopes of CMA CGM as it extends its geographical limits and is expected to a generate revenues of $21bn.

Fuente: Ship Technology

Comentarios (0)

Iniciar sesión para comentar noticia

Debe >> Iniciar sesión para comentar noticia.

Últimas noticias

Nuevo Muelle 5 de Callao iniciará operaciones en abril del 2014

Para esa fecha, habrá alcanzado la misma capacidad operativa que el Muelle Sur, de DPW. Además, el próximo año también empezaría la operación de nuevo muelle granelero

Alianza entre las mayores navieras del mundo colapsa por veto de China

La autoridad china explicó en su sitio web que el acuerdo “restringiría la competencia” en la demandada ruta Asia-Europa

Hapag-Lloyd ready to expand after UASC merger

The merged entity also expects to lay off about 10 per cent of its 13,000-strong workforce over the next two years

Perú Marítimo

A menos que se indique lo contrario todo el contenido del sitio es Copyright © Perú Marítimo. Queda prohibida la reproducción, ya sea electrónico o de otra manera, sin el permiso de Perú Marítimo. Por favor siga los enlaces correspondientes para obtener información sobre nuestras Políticas de Privacidad y Términos de Uso.

Movlim Diseño Web