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Brussels clears CMA CGM-NOL takeover
[ April 30, 2016 // Chris ]The European Commission has cleared CMA CGM’s acquisition of Neptune Oriental Lines, conditional upon NOL leaving the G6 liner shipping alliance. Commissioner Margrethe Vestager, in charge of competition policy, said it would ensure that the takeover will not lead to price increases for customers.
CMA CGM is a founding member of the Ocean Three Alliance (“O3”) whereas NOL is currently a member of the G6 Alliance.
The Commission found that the merger, as initially notified, would have created new links between previously unconnected consortia in the O3 and G6 alliances and it had concerns that these would have resulted in anti-competitive effects on the North Europe/North America and North Europe and the Middle East.