According to Bloomberg, CMA CGM is now negotiating for a reported US$2.2 billion bank loan so it can acquire the Singapore-based shipping company, Neptune Orient Lines (NOL).
And BNP Paribas, HSBC Holdings and JPMorgan are among the banks named by the press as possible lenders.
Following on to its takeover talks with Temasek Holdings’ subsidiary, Lentor Investments, for its majority stake in NOL, CMA CGM now needs to show the cash up front.
None of the parties would make any official comment.
