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CMA-CGM, a global leader in container shipping based in Marseille, France, announced a pre-conditional voluntary general cash offer for Neptune Orient Lines (NOL), a Southeast Asia container shipping cmpany. This is considered a strategic acquisition resulting in a combined turnover of USD 22 billion and a fleet size of 563 vessels. CMA-CGM will establish its regional head office in Singapore, which will reinforce Singapore's leadership position in the shipping industry. Complementary geographical strengths will enhance the diversity of CMA-CGM's trade portfolio and consolidate its position on strategic trade routes.