CMA CGM Offers $2.4 Billion to Take Over Neptune Orient

  • Temasek selling its stake as local shipper runs up losses
  • Deal will help French line compete with its larger rivals

CMA CGM SA offered to buy Singapore’s Neptune Orient Lines Ltd. for S$3.38 billion ($2.4 billion), creating a container shipping line with stronger Asian and U.S. routes that narrows the gap with market leader A.P. Moeller-Maersk A/S.

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