7 December 2015
Dear Valued Customer,
An update on our discussions with CMA CGM
You would have read in our 21 November 2015 announcement that we had been in exclusive talks with CMA CGM.
I would like to share with you that CMA CGM has announced today a pre-conditional voluntary general offer for NOL. The completion of the transaction is subject to certain pre-conditions.
If completed, CMA CGM has indicated that it intends to retain and develop the APL brand. CMA CGM has a leading position on the Asia-Europe, Asia-Mediterranean, Africa and Latin America routes, whilst APL is strong along the Transpacific, Far East-Middle East and Indian subcontinent shipping routes.
The combined entity will have a capacity of 2.4 million TEUs as well as a combined fleet of 563 vessels. What this means for our customers is access to an enlarged shipping network and higher service frequencies. Our extended range of products and services will enable your business to penetrate new markets and improve your supply chain efficiency.
We are in the process of seeking regulatory approvals for the transaction, during which we will continue to operate as separate companies. APL will continue to serve your shipping needs through our regular and comprehensive service network.
Should you have any remaining questions or concerns, please contact your sales representative, who will be happy to assist you.
Thank you and I look forward to your continued support.