BRUSSELS (Reuters) – EU antitrust regulators will decide whether to clear Danish logistics company DSV’s 14.3 billion euro ($15.43 billion) acquisition of German rival Schenker by April 8, according to a filing on the European Commission website.
DSV announced the deal for the logistics arm of German state rail operator Deutsche Bahn in September last year, which will create the world’s biggest logistics company.
The EU competition enforcer can either clear the deal with or without remedies after its preliminary review or it can open a four-month-long investigation if it has serious concerns.
While the deal will put DSV ahead of DHL Logistics and Swiss group Kuehne und Nagel, the combined group will only have between 6% and 7% of a highly fragmented global logistics market.
($1 = 0.9265 euros)
(Reporting by Foo Yun Chee; Editing by Kirsten Donovan)
