Deals Rumor Mill: Temasek, Alpha Natural, Banco Do Brasil
By Linda Chiem (July 16, 2015, 6:22 PM EDT) -- Singapore state-owned investment company Temasek Holdings Pte. Ltd. has put debt-saddled container shipping company Neptune Orient Lines Ltd. up for sale, The Wall Street Journal reported Thursday. Temasek has been shopping NOL, which operates under its APL brand globally, to potential buyers for months, and had previously discussed potential mergers with other shippers like Germany's Hapag-Lloyd AG, which is now charting a course for an initial public offering, and Hong Kong's Orient Overseas (International) Ltd., according to the report. NOL is 65 percent owned by Temasek, while the remaining 35 percent stake is publicly traded on the Singapore Stock Exchange. It has a market capitalization of approximately SGD$2.3 billion (US$1.7 billion), the report said....
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