Maersk offers concessions over Hamburg Süd deal in bid for EU clearance
Maersk Line has offered concessions to the European Commission in a bid to gain approval for its proposed takeover of Hamburg Süd.
Although details of the commitments have not been disclosed, they are thought to involve the South American trades where the two lines have considerable overlap. The prospect of having to reduce its presence on certain routes was apparent to Maersk when its offer for Hamburg Süd was accepted.
The commission has postponed a decision on the merger from March 25 to April 10 while it considers the proposals from Maersk.
This is an edited extract from a longer analysis article published in Lloyd’s List. Subscribers can read the full original article via this link: Maersk offers