- Proposed cash acquisition of NOL at SGD 1.30 per NOL share, representing a 49% premium to NOL’s unaffected share price, fully financed
- Strategic acquisition resulting in combined turnover of USD 22 billion and fleet size of 563 vessels
- Complementary geographical strengths enhance the diversity of CMA CGM’s trade portfolio and consolidate its position on strategic trade routes
- CMA CGM will establish its regional head office in Singapore, which will reinforce Singapore’s leadership position in the shipping industry
- Significant operational synergies
- Transaction is unanimously approved and recommended by NOL Board
- NOL’s majority shareholders (Temasek and its affiliates) fully support the transaction and have irrevocably undertaken to tender all of their shares into the Offer
Sources : CMA-CGM Website