| France's CMA CGM, the world's third-largest maritime shipping company, announced it will launch a tender offer to buy all outstanding shares of Singaporean shipping company Neptune Orient Lines in a deal that values the company at 3.4 billion Singapore dollars ($2.43 billion).
The transaction is a milestone for Temasek Holdings, which has held a majority stake in NOL since its privatization in 1981. NOL, established as a state-owned shipping line three years after Singapore's independence, played a pivotal role in Singapore's economic development, helping transform the island nation into a key shipping container port and a center of global trade...............................................Full Article: Source
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