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CHINA APPROVES CMA CGM'S ACQUISITION OF NOL

CHINA APPROVES CMA CGM'S ACQUISITION OF NOL

CMA CGM received confirmation today that is pending acquisition of Neptune Orient Lines (NOL), has been approved by the anti-monopoly Bureau of China’s Ministry Of Commerce (MOFCOM).

CMA CGM received confirmation today that is pending acquisition of Neptune Orient Lines (NOL),  has been approved by the anti-monopoly Bureau of China’s Ministry Of Commerce (MOFCOM).

NOL’s fleet (operated under the APL brand name) will lead to CMA CGM’s share of the global container market to rise from 8.8% to 11.5%.