Press Release: Mergers: Commission clears acquisition of Pagnan inland water transport business by Cargill

The European Commission on 7 February 2006 cleared under the EU Merger Regulation the proposed acquisition of the inland water transport business of the Italian company Pagnan by Cargill of the US. Although Pagnan was at the time the only business operating inland water transport services for dry bulk cargo in Italy, other companies would be able to compete effectively if the market conditions were to render inland water transport competitive with road/rail transport for dry bulk products. The Commission concluded that the proposed transaction would not significantly impede effective competition in the European Economic Area (EEA) or any part of it.

• Primary Source

European Commission: DG Competition: Merger Cases: M.4082 http://ec.europa.eu/comm/competition/mergers/cases/index/m81.html#m_4082

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