News / Maersk gets green light for Hamburg Süd acquisition from Brazil

Brazil’s competition watchdog has cleared the acquisition of Hamburg Süd by Maersk, after the Danish carrier took steps to limit its market share in the country.

The Administrative Council for Economic Defense (CADE) said the deal gained a green light after Maersk sold its Brazilian cabotage subsidiary, Mercosul, to CMA CGM.

Maersk said the decision followed “changes in the VSA [vessel-sharing agreement] landscape which will take effect after closing the acquisition”.

Most important is the commitment by Maersk to the European Commission that once the acquisition is ...