SINGAPORE, Dec 7 (Reuters) – France’s CMA CGM is ready to purchase a stake of virtually 67 % in Neptune Orient Lines from Singapore state investor Temasek Holdings, a supply with information of the deal mentioned.

CMA CGM is prone to pay a big premium over NOL’s “unaffected price”, the extent in early November when the Singapore transport agency had confirmed talks with potential acquirers, the supply mentioned, who declined to be named forward of the announcement anticipated afterward Monday.

A take care of Temasek shall be adopted by a proposal for the remaining shares within the Singapore-listed agency beneath native guidelines.

NOL, which has a market capitalization of $2.3 billion, has struggled amid a chronic downturn within the world transport market, posting 4 years of consecutive losses. But its plans to dump belongings have helped buoy the corporate’s share value by roughly 45 % up to now this yr. (Reporting by Saeed Azhar; Editing by Ryan Woo and Edwina Gibbs)

(c) Copyright Thomson Reuters 2015.

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