Marine Link
Thursday, March 28, 2024

EC Clears Acquisition of PONL by Maersk

Maritime Activity Reports, Inc.

August 1, 2005

The European Commission issued a Press Release stating that it has cleared the acquisition of P&O Nedlloyd by A. P. Moller-Maersk, subject to conditions. The combined entity will have to divest itself of PONL’s business on the trade between Europe and South Africa and it will have to withdraw from several conferences and consortia. Source: HK Law