Authorities within Germany and Austria have now cleared the proposed merger between rail logistics firms VTG and Kuehne & Nagel in a deal that will launch a new rail operating company on January 1.
The new company, to be named VTG Rail Logistics, will combine VTG’s current operations in the EU, Russia and North America with Kuehne & Nagel’s rail logistics operations focused in the EU and Asia.
According to the merging parties, the new conglomerate will expand industrial, agricultural and petrochemical services across these regions.
The deal, however, will not include Kuehne & Nagel’s intermodal rail logistics business.
Financial details of the merger were not reported.
Full Content: Rail Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI