Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

On 8 March 2016, CMA CGM S.A. (“CMA CGM”) notified to the Commission a

proposed concentration pursuant to Article 4 of Council Regulation (EC) no 139/2004,

by which it intends to acquire all the share capital of Neptune Orient Lines (“NOL”).

By virtue of the acquisition, CMA CGM will obtain sole control of NOL, which is

currently controlled by Temasek Holdings and its affiliates.

Both CMA CGM and NOL are active in the sector of maritime shipping services, in

particular containerized liner shipping and stevedoring services.

With a fleet of 470 vessels, the CMA CGM Group is active worldwide and serves 450

commercial ports. CMA CGM operates 170 shipping lines on the main commercial

trade routes.

NOL, with a fleet of 94 vessels runs through its brand American President Lines

(“APL”) more than 80 weekly services at ports in over 50 countries worldwide. APL

provides six weekly services to/from EEA member states (operating 12 ships), with

direct port calls in 9 countries. NOL is currently a member of the G6 Alliance, but a

notice of termination of NOL’s participation in the G6 Alliance will be issued

immediately upon closing of the CMA CGM acquisition.

CMA CGM is jointly controlled by Merit Corporation SAL (“Merit”), Bpfifrance

Participations (“Bpifrance”) and Yildirm Holding A.S. (“Yildirim”).

Merit is a holding company which does not have activity of its own in Europe besides

providing auditing services for CMA CGM.

Bpifrance is a public financial institution, conjointly controlled by the French State and

Caisse des dépôts et consignations (“CDC”), that provides financing and development

of companies services, and acting in support of the policies implemented by the State

and the Regions.

CDC has two main areas of activities : public service / general interest activities, and

open-market business activities. The public service and general interest activities are

banking services, management and centralization of savings funds, local and regional

development, retirement. The open-market activities, which are carried out through

CDC’s subsidiaries, are real estate, environment, regional development services and

capital investments.

Yildirim, a Turkish family-owned company, is active in coal and metal, production and

sale of fertilizer, mining and ferroalloys, shipping and ship buildings, and port

management.