Deals
Maersk Gets Debt Market Warning to Shun Container Line Takeovers
- Neptun Orient has said it's in M&A talks with CMA CGM, Maersk
- Market needs more than one merger to help rates, Moody's says
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Debt markets are warning A.P. Moeller-Maersk A/S not to pursue an acquisition in the struggling container line industry.
Neptune Orient Lines Ltd. last week said it’s in talks with Maersk and CMA CGM SA as Southeast Asia’s biggest container company seeks a buyer. Borrowing costs for both potential suitors have risen since the announcement.