NOL: Hapag-Lloyd bid reports false

Neptune Orient Lines clarified it is not making another bid for a stake in Hapag-Lloyd.

In issuing the clarification, NOL referred to an article entitled “Fresh NOL bid for Hapag-Lloyd stake: report” which appeared in the 5 December 2011 edition of the Business Times.

The company said it evaluates investment opportunities from time to time and will make the necessary announcements when appropriate.

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