CMA CGM has continued to buy up shares in acquisition target Neptune Orient Lines (NOL), latest disclosures show.
The French liner giant has bought a further 6.6m NOL shares on the open market at below its takeover price for the stock.
CMA CGM now has a 1.18% stake in the Singapore-listed shipowner, according to disclosures made to the Singapore Exchange.
Last month the company made a bid of SGD 1.30
