Mergers: Commission clears acquisition of joint control of PSA Breakbulk and Coil Terminal by PSA and Felbermayr
Daily News 14 / 06 / 2021
Source: European Commission Spokesperson's Service
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over PSA Breakbulk NV and Coil Terminal NV, both of Belgium, by PSA International Pte Ltd (‘PSA') of Singapore and Felbermayr Holding GmbH (‘Felbermayr') of Austria. PSA Breakbulk and Coil Terminal are general cargo handlers in the port of Antwerp, Belgium, with a focus on steel products.
PSA is a global operator of shipping terminals mainly active in the provision of stevedoring services at ports, with a particular focus on terminal services for container liner ships. Felbermayr is a diversified holding company active in transport and lifting technology, building and construction, and maritime logistics services mainly within the European Economic Area.
The Commission concluded that the proposed acquisition would raise no competition concerns given its limited impact on the market.
The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.10203.