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Norway: Antitrust regulator blocks acquisition deal between shipping lines

 |  February 21, 2017

Norwegian Antitrust Authority did not approved the sale of the Norwegian company Nor Lines AS to Icelandic carrier Eimskip. According to Icelandic shipping group, it is a pre-trial detention, and the company can submit their counter proposal within 15 working days. Eimskip has signed an agreement to purchase the Norwegian shipping and logistics company Nor Lines in November 2016 for 16.6 million USD.

Nor Lines network connecting 60 container terminals, including sea and inland shipping routes. Nor Lines operates a fleet of seven vessels, five of which should enter into a deal with Eimskip’s, to strengthen the network of the merged company, serving the transportation between Norway and continental Europe and the Baltic Sea region.

According to Norwegian Antitrust Authority the acquisition will affect the competition on the market in Norway and will put Eimskip into dominant position in many regions of the country.

Full Content: Maritime Herald

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