The mutual fund Invesco has bought a 5 percent stake in
Neptune Orient Lines, wires reported.
The stock price of NOL, the Singapore-based parent company of APL, has
increased by about 10 percent since the company announced the appointment of a new team of
senior U.S. and European executives in the last two weeks.
Former executives of Maersk Line and Sea-Land Service are joining NOL
to back the Singaporean group’s recently appointed chief executive officer, Flemming
Jacobs, who also came from A. P. Moller/Maersk group.
INVESCO FUND BUYS STAKE IN NOL
INVESCO FUND BUYS STAKE IN NOL
