Reuters, 28 Sep 2008, Kevin Lim
SINGAPORE, Sept 29 (Reuters) - Singapore's Neptune Orient Lines said on Monday it has submitted a binding bid to acquire the Hapag-Lloyd container shipping business but declined to provide details of its bid.
It said it made the offer to Hapag-Lloyd's owner TUI AG on Friday, the same day a group of Hamburg investors announced a binding offer for the German container shipping firm which is the world's fifth largest by capacity.
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