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
