CMA CGM says it has crossed the 90% ownership threshold in Singapore national flaf carrier Neptune Orient Lines (NOL).
Following its all-cash voluntary conditional general offer for NOL which was launched on 6 June, it now owns 2.3bn shares of NOL’s share capital.
“With the public float of NOL shares now falling below the minimum threshold of 10%, the Singapore Exchange may suspend the trading of NOL shares at the close of the offer,” CMA CGM said.
“In
