BRUSSELS, April 11 – French container delivery group CMA CGM has supplied concessions in a bid to win European Union antitrust approval for its $2.4 billion takeover of Singaporean rival Neptune Orient Lines.

CMA CGM, which ranks behind No. 1 Maersk Line and Swiss peer MSC in international delivery, submitted the concessions on Thursday, a submitting on the European Commission web site confirmed on Monday, with out giving particulars.

CMA is anticipated to withdraw NOL from competing delivery alliances to allay considerations, folks conversant in the matter stated.

The tie-up between German container delivery firm Hapag Lloyd and Chilean peer Compania Sud Americana de Vapores (CSAV) gained the inexperienced gentle from the EU two years in the past after CSAV agreed to withdraw from two delivery alliances masking commerce between Northern Europe and the Caribbean, and South America’s west coast.

The CMA supply resulted within the EU competitors authority extending the deadline for its choice on CMA CGM’s NOL takeover to April 29 from April 15 to look at the package deal, in line with the Commission web site. (Reporting by Foo Yun Chee; Editing by Alexander Smith)

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