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Speculation that Orient Overseas (International) Ltd (OOIL) is likely to be involved in some sort of deal-making is nothing new – and could well return at some point in the next few weeks.

A few months before Singapore’s Neptune Orient Lines (NOL) was acquired by France’s CMA CGM, which valued the equity of the target at $2.4bn around the end of 2015, OOIL was rumoured to be close to cutting a deal with NOL, merging its Hong Kong-headquartered container line OOCL with ...

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