The EU Commission clears, subject to remedies, a merger between two container liner shippers (CMA CGM / NOL)

MERGERS: COMMISSION APPROVES CONTAINER LINER SHIPPING MERGER BETWEEN CMA CGM AND NOL, SUBJECT TO CONDITIONS* The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Neptune Oriental Lines ("NOL") of Singapore by rival CMA CGM, a French shipping company with worldwide activities. The clearance is conditional upon NOL leaving the G6 liner shipping alliance. Commissioner Margrethe Vestager, in charge of competition policy, said: "Container liner shipping plays a central role in global trade, so competition in this sector is essential for businesses and consumers in the EU. Today's decision ensures that the takeover will not lead to price increases for the many EU companies using these container shipping services." The Commission's investigation

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European Commission, The EU Commission clears, subject to remedies, a merger between two container liner shippers (CMA CGM / NOL), 29 April 2016, e-Competitions April 2016, Art. N° 79680

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