Merger talks between Singapore's NOL and Germany's TUI stall - report

Forbes.com
4 Mar 2008
AFX News Limited

SINGAPORE (Thomson Financial) - Talks about merging Singapore container shipping line Neptune Orient Lines Ltd (NOL) with Germany's TUI AG, which owns Hapag-Lloyd, have stalled over disagreement about who would run the merged company and opposition from TUI shareholders, the Asian Wall Street Journal reported Wednesday, citing unnamed sources.

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