DP World agreed to buy 100% of Unifeeder for 660 million euros from the company’s majority owner, Nordic Capital Fund VIII, and some minority shareholders in August 2018.The acquisition is expected to close in the end of 2018, DP World had informed.
The Commission concluded that the proposed acquisition would raise no competition concerns as it would have a limited impact on the structure of the markets for the provision of container terminals services and of short-sea shipping services.
The transaction was examined under the normal merger review procedure.
Unifeeder provides maritime transportation services for containerised goods, including feeder services and short-sea services, mainly in Northern Europe and the Mediterranean. DP World is an operator of marine terminals and a provider of cargo handling and logistics services.