News / EC competition commission clears CMA CGM's Bolloré takeover

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The European Commission’s competition regulators have cleared CMA CGM’s acquisition of French freight forwarding group Bolloré Logistics – on condition it sells some of its Caribbean subsidiaries.

Investigations by EC regulators concluded that in certain markets – notably Guadeloupe, Martinique and French Guiana – the takeover would have “created important vertical links” between CMA CGM’s upstream container shipping activities on routes connecting Europe with French Caribbean territories, as well as Bolloré Logistics’ “downstream sea freight forwarding activities in those territories”.

The EC ...