P&O Nedlloyd''s acquisition approved

The Competition Council approved the acquisition by the Danish foreign trade company AP Moller Maersk of P&O Nedlloyd Dutch company. Both companies are involved in shipping operations in Romania. The Council accounted for its decision by the fact that the takeover was not in breach of the competition law linked to economic concentration, since the turnover of the Dutch company”s agent in Romania does not exceed the value threshold of 4 million euros. Maersk and P&O Nedlloyd officials in Romania chose not to comment on the deal. “We cannot offer any details about the effects of this acquisition until the operation is fully completed. The only statements related to this deal are made only globally,” said Keneth Peterson, Maersk country manager for Romania. ZF