CMA CGM taps banks to finance Neptune Orient Lines acquisition

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As CMA CGM continues to perform the due diligence on Singapore’s NOL in its quest to acquire it, one of the chief issues raised by analysts is whether it has the funds to actually complete the deal, which is likely to be in the region of $5bn. The Wall St Journal reports here that the French carrier is now in talks with a series of domestic banks to arrange the finance, which it needs to have in place by Monday, ...