• Most Popular
  • Most Shared

Singapore's NOL says shortlisted in bid for Hapag-Lloyd

Fri Aug 8, 2008 12:49am EDT

Stocks

   

SINGAPORE, Aug 8 (Reuters) - Singapore's Neptune Orient Lines (NEPS.SI) said on Friday it has been invited to continue into the next phase of the bidding process for Germany's Hapag-Lloyd.

Stocks  |  Mergers & Acquisitions  |  Global Markets

"If successful, NOL would integrate its APL container shipping business with Hapag-Lloyd, which would create the world's third-largest container carrier," it said in a statement.

NOL submitted an indicative non-binding bid to acquire Hapag-Lloyd to TUI AG (TUIGn.DE) last month.

(Reporting by Kevin Lim; Edited by Saeed Azhar)

Stocks
Mergers & Acquisitions
Global Markets


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets