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CMA CGM ACQUISITION OF NOL GAINS CHINESE REGULATORY APPROVAL
May 25, 2016

The CMA CGM Group’s proposed acquisition of Singapore’s Neptune Orient Lines has obtained clearance from the Anti-Monopoly Bureau of the Chinese Ministry of Commerce.

 

The acquisition, which was proposed in December 2015, has now received regulatory approval both MOFCOM and the European Commission.

 

CMA CGM expects to announce the offer to acquire NOL by June 2, 2016, according to a statement.