by Gabriela Baczynska (Reuters) The European Commission on Wednesday claimed it has actually provided its conditional authorization to a merging in between German container delivery line

The merging would certainly develop a consolidated firm worth regarding 7 to 8 billion euros ($ 7.5-$ 8.6 billion). It would certainly be the globe’s 5th biggest delivery company, with accessibility to the Asia- to-Europe profession path and also trans-Atlantic and also trans-Pacific courses.

“Both companies operate in the container liner shipping sector,” the Commission claimed. “The clearance is conditional on the withdrawal of UASC from a consortium on the trade routes between Northern Europe and North America, where the merged entity would have faced insufficient competitive constraint.”

(Writing by Gabriela Baczynska)
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