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EU Gives Green Light for DP World’s Unifeeder Takeover

Last updated on December 6th, 2018

Namely, the Commission concluded that the proposed acquisition would raise no competition concerns as it would have a limited impact on the structure of the markets for the provision of container terminals services and of short-sea shipping services.

DP World signed the deal to acquire 100% of Unifeeder for EUR 660 million from the company’s majority owner, Nordic Capital Fund VIII, and certain minority shareholders in August 2018.

The acquisition of the largest Pan-European feeder and shortsea operator is expected to close in the fourth quarter of 2018, DP World informed earlier.

Unifeeder, which operates some 60 short-term chartered vessels, carrying around 3.2 million TEUs and performing some 12,000 port calls annually, will continue to operate on a fully independent, multi-user basis under its current existing management, and expects to see additional growth as a consequence of the transaction, the company added.

The acquisition is expected to enhance DP World’s presence in the global supply chain and broaden its product offering with a view to ultimately reduce inefficiencies and improve the competitiveness of global trade.

Press Releases: DP World

Photo Courtesy: Unifeeder

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