EU clears acquisition of Bollore logistics by CMA CGM, subject to conditions

Industry:    9 months ago

The EU Commission on Friday said it had cleared the acquisition of the logistics operations of conglomerate Bollore by shipping group CMA CGM(CMACG.UL), subject to a number of conditions proposed by the companies.

The commission, which oversees competition policy in the 27-nation European Union, said that the acquisition had been approved after its investigation found a number of concerns.

To address them, the parties agreed to divest all of Bolloré Logistics’ activities in Guadeloupe, Martinique, Saint Martin and French Guiana, as well as a number of assets in metropolitan France linked to these activities.

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