France's CMA CGM says eventually will consider listing

NOL group president and CEO Ng Yat Chung (left) shaking hands with CMA CGM vice-president Rodolphe Saade during a press conference on Dec 7, 2015.
NOL group president and CEO Ng Yat Chung (left) shaking hands with CMA CGM vice-president Rodolphe Saade during a press conference on Dec 7, 2015.PHOTO: NOL, CMA

SINGAPORE (REUTERS) - France's CMA CGM will eventually consider listing of the combined entity after the acquisition of Neptune Orient Lines and the venue could be Singapore, vice-chairman Rodolphe Saade said.

"Why not Singapore," Mr Saade told reporters at a news conference, about a future listing.

He said there is always appetite for more deals in the region, but our stomach will be full with NOL.

CMA CGM, the world's third-largest container shipping firm, made on Monday a S$3.4 billion offer to buy NOL to expand its presence on trans-Pacific routes.