Mergers: Commission clears acquisition of Imperial’s European inland waterways transport business by HGK
Daily News 30 / 06 / 2020
Source: European Commission Spokesperson's Service
The European Commission has approved, under the EU Merger Regulation, the acquisition of the European inland shipping business (“Imperial Shipping Group”) from Imperial Mobility International B.V. & Co. KG and its subsidiaries (“Imperial Group”), of the Netherlands, by Häfen und Güterverkehr Köln AG (‘HGK’) of Germany. The Imperial Shipping Group is currently controlled by the Imperial Group and is active in inland navigation, transhipment/stevedoring services, storage, transport logistics, ships clearance and trade in vehicles, servicing customers in Germany, Benelux and Northeast France. HGK is controlled by Stadtwerke Köln GmbH (“SWK”) of Germany and is active in inland waterway transportation, transhipment/stevedoring services at inland terminals, inland port infrastructure, rail transportation, rail infrastructure, freight forwarding and short sea shipping in Germany, with a focus on Cologne and the Rhine area. The Commission concluded that the proposed acquisition would raise no competition concerns, given the companies' moderate combined market positions in the inland waterways transport market and stevedoring/transhipment services markets resulting from the proposed transaction, and the presence of a number of strong players providing such services. The Commission further considers it unlikely that vertical or conglomerate anti-competitive effects would arise from the transaction. The transaction was examined under the normal merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.9853.