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

Philippines to Extend Two Month Ban on Rice Imports

South Korea's HD Hyundai Heavy Eyes Acquisition of US Shipyard

Puerto Rico Inks LNG Contract with New Fortress Energy

Current News

Philippines to Extend Two Month Ban on Rice Imports

Chinese Oil Port to Set Measures to Ban Shadow Fleet

Alabama Port Authority Selects Konecranes RTGs to for New Intermodal Terminal

Chinese Shipyard Orders Strong Despite US Port Fees

Subscribe for Maritime Logistics Professional E‑News