German Regulators Probe Sale of Maersk Container Maker to China's CIMC

Thursday, December 9, 2021

Germany's Federal Cartel Office is taking a closer look into the planned sale of Maersk's refrigerated containers maker to China International Marine Containers, a spokesman for the office said on Thursday.

The office has opened an investigation into the effects the takeover of Maersk Container Industry by CIMC could have on the affected markets, it said.

The Danish shipping company signed an agreement to divest its container manufacturer to CIMC in September for $987.3 million.

However, regulatory authorities still need to approve the plans. Until then, the companies remain separate.


(Reporting by Matthias Inverardi, Writing by Miranda Murray; Editing by Kirsten Donovan)

Categories: Legal Government Update

Related Stories

Oil Slides, Metals Jump as Hormuz Impacts China Imports

Trump Pauses Effort to Escort Ships in Strait of Hormuz

US Naval Blockade Hammers Iran Oil Exports, Forces Floating Storage

Current News

Baltic Index Rises Alongside All Vessel Segments

Awake.Al, Tidalis Collaborate for Maritime Emissions Reporting

Konecranes to Supply Two Cranes for Norwegian Oil Industry Facility

EnergyPathways, ABP Partner on Energy Storage Project at Port of Barrow

Subscribe for Maritime Logistics Professional E‑News