News / CMA CGM leading the field to buy NOL, but only if the price is right

© Khunaspix Dreamstime.

There are “significant obstacles” to the sale of Singapore-based Neptune Orient Lines (NOL), despite interest from Maersk Group and CMA CGM, according to Alphaliner.

After weeks of speculation, NOL finally confirmed “preliminary discussions” with the two leading liner shipping companies to sell its container line business, which it operates under the APL brand, and other assets.

NOL said it had “a duty to assess all options to maximise shareholder value”.

It added: “From time to time, NOL enters into discussions on possible combinations ...