Singapore state investment company Temasek Holdings has put up its struggling US$1.7 billion ($2.3 billion) shipping company for sale, the Wall Street Journal reported, citing people familiar with the matter.
Neptune Orient Lines (NOL), 65%-owned by Temasek, announced in February the sale of its logistics business to Japanese freight carrier Kintetsu World Express Inc for US$1.2 billion.
NOL’s move to sell its logistics business had renewed market speculation of a sale of the entire company.
An NOL spokeswoman declined to comment, while Temasek Holdings was not immediately available after office hours.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Neptune Orient Lines (NOL), 65%-owned by Temasek, announced in February the sale of its logistics business to Japanese freight carrier Kintetsu World Express Inc for US$1.2 billion.
NOL’s move to sell its logistics business had renewed market speculation of a sale of the entire company.
An NOL spokeswoman declined to comment, while Temasek Holdings was not immediately available after office hours.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment