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Europe Daily Bulletin No. 7710

5 May 2000
Contents Publication in full By article 25 / 47
GENERAL NEWS / (eu) eu/competition
Commission endorses merger between Ocean and Exel (logistics services)

Brussels, 04/05/2000 (Agence Europe) - The European Commission has authorised an operation in the contract logistics sector, whereby Ocean Group Plc, active in freight forwarding and logistics services, merges with Exel Plc, also specialised in logistics services and the supply chain. The venture resulting from the operation will be number one in the contract logistics sector, an area of steady growth across Europe as companies increasingly opt to outsource the management of the flow of...

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