CMA CGM Offers $2.4 Billion to Take Over Neptune OrientBy and
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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