EC Clears Acquisition of PONL by Maersk
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
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