Temasek-controlled NOL sells $1.2b APL

Struggling shipping company NOL agrees to sell APL Logistics to Japan's Kintetsu as Temasek tidies up its portfolio companies.

Denise Wee

February 17, 2015

Temasek-linked shipping company Neptune Orient Lines (NOL) on Tuesday agreed to sell its logistics business APL Logistics to Japan’s Kintetsu World Express for $1.2 billion.

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