News / EC regulators approve Cosco takeover of OOCL, despite market share fears

07/12/2017

The EC competition directorate has formally approved the takeover of OOCL by China’s Cosco, despite investigators finding it would hold a “very significant” market share of transatlantic trade.

The decision follows that of US regulators in October, who approved the acquisition under the Hart-Scott-Rodino Antitrust Improvements Act, and ...

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