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Germany: Shell gets green light to acquire part of Toll4Europe

 |  November 27, 2018

According to a report from Reuters, a deal for a unit of Royal Dutch Shell to acquire a 15% stake in Toll4Europe, an electronic toll service provider backed by Deutsche Telekom, has won antitrust clearance, the German company announced on Tuesday, November 27.

The unit, euroShell Cards, joins a consortium comprising Telekom unit T-Systems, which will retain a 55% controlling stake, with Daimler and DKV Euro Service also owning 15% each.

Toll4Europe will handle electronic payments for truckers, using an on-board device, under the European Electronic Toll Service directive that requires toll systems to be interoperable across European Union Member States, Deutsche Telekom stated.

Full Content: Reuters
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