EU approves Stena Rederi, Glovis Europe joint venture

The European Commission has approved, under the EU Merger Regulation, the joint venture of Stena Rederi of Sweden, part of the Stena Sphere, and Glovis Europe of Germany, controlled by Hyundai Glovis of South Korea. The joint venture will mainly operate short-sea transport services on Pure Car and Truck Carrier vessels in Europe.