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The European Union approved Maersk's acquisition of HAMBURG SUD

  • Author:Orient Honest
  • Source:www.china-disposable.com
  • Release on :2017-04-12
On April 10, Maersk's acquisition of HAMBURG SUD was approved by the EU for antitrust, but the condition was that HAMBURG SUD would withdraw from some trade routes.These trade routes include connecting Europe and Central America, connecting South America's West Coast and Middle East routes.

In addition, HAMBURG SUD will also withdraw from the Mediterranean to the South American West Coast and South America East Coast ship sharing agreement."Maersk's acquisition of HAMBURG SUD deal will maintain a healthy level of market competition and will not have much impact on EU companies and consumers," said Margrethe Vestager, member of the EU Competition Council.

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