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EU: French shipping line approaches German rival

By  |  July 9, 2018

French container shipping company CMA CGM has approached rival Hapag-Lloyd over the possibility of merging, a deal that would create the biggest container carrier in the world, according to Reuters.

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    Three sources confirmed to Reuters that CMA CGM, which declined to comment on the statements, initiated talks with German rival Hapag-Lloyd, which reportedly dismissed the idea.

    “The idea which has been proposed… would be a non-cash merger,” one source said.

    Full Content: Reuters

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