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Europe Daily Bulletin No. 8274

10 August 2002
(eu) eu/competition
Commission clears de-merger of P&O Stena Line

Brussels, 09/08/2002 (Agence Europe) - On Thursday the European Commission authorised a transaction by which Peninsular and Oriental Steam Navigation P&O (UK) will acquire full control of P&O Stena Line, the cross-Channel ferry operator which currently is a joint venture between P&O and Stena Line UK Ltd. P&O is involved in maritime shipping and port activities world-wide. In Europe, the company operates passenger and ferry services on the North Sea and the Western Channel. The P&O Stena...