CMA CGM announced that it has completed the acquisition of Containerships, a container-transportation and logistics company. The European Commission had authorized this transaction on October 22nd.
CMA CGM wanted to acquire Containerships to strengthen its position in intra-European transport, and especially in the geographical areas covered by Containerships:
- Great Britain;
- Poland;
- Sweden;
- Ireland;
- Netherlands;
- Spain;
- Portugal;
- Morocco;
- Baltic markets;
- Russia;
- Northern Europe;
- North Africa;
- Turkey.
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On October 22 the European Commission had approved, under the European Merger Regulation, the acquisition by CMA CGM of Containerships.
The Commission concluded that the proposed merger would not raise competition concerns, given its limited impact on the structure of the door-to-door multimodal transport market, scheduled shipping, port and port remote handling services and freight forwarding services.
The transaction was examined as part of the normal merger control procedure.
