Critism from Africa on sell of Nedlloyd
published: cw 28, 2005 in Mergers & acquisitionsSouth-African fruit exporters have addressed their concerns to the European Commission regarding the upcoming sale of PO Nedlloyd to the Danish Maersk. They expect that the new combination will get a to dominant position on the transportation of fruit from Africa to Europe. PO Nedlloyd, Maersk and its South African subsidiary Safmarine will get a market share of 60% of all container shipments on this route. Maersk will then be able to set all the tariffs on this route.
The European Commission is currently investigating the merger of the two companies, and announced that it needs more time to place their final judgement. It is expected that the EU will say yes or not at July 29th. At July 21st PO Nedlloyd will have its share holders meeting to get the approval from the shareholders. It is expected that this meeting will just be a formality.
print terms
