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Europe Daily Bulletin No. 9002

2 August 2005
Contents Publication in full By article 11 / 18
GENERAL NEWS / (eu) eu/competition
Conditional green light to Maersk's acquisition of PONL

Brussels, 01/08/2005 (Agence Europe) - The European Commission has authorised plans by the Danish group AP Møller-Maersk A/S to acquire the shipping company Royal P. & O. Nedlloyd (PONL). The operation, in which Maersk has made an offer of 57 EUR per PONL share, will give rise to the largest shipping company in the world, made up of over 800 container vessels and with a consolidated turnover of 28 billion EUR. Further to its investigations, the Commission noted that the parties' activities...