The European Commission has approved the joint acquisition of Belgian container terminal operator PSA DGD by Swiss Terminal Investment Limited Sàrl (TIL) and Singapore’s PSA International Pte Ltd (PSA).
The approved acquisition is in line with the EU Merger Regulation.
As informed, the commission concluded that the proposed acquisition would raise no competition concerns because of the limited changes to the market.
World Maritime News contacted relevant companies for more details on the matter, however, they are yet to reply.
PSA DGD is an operator of a container terminal in the Deurganck dock in the Port of Antwerp. It features a total of 41 quay cranes across 9 berths and a quay length of 3,550 meters.
TIL is a terminal operating company, which invests in, develops and manages container terminals around the world, often in joint ventures with other terminal operators. TIL is jointly controlled by Mediterranean Shipping Company (MSC) and investment vehicles managed by Global Infrastructure Management.
PSA is an operator of shipping terminals and is mainly active in the provision of stevedoring services at ports with a particular focus on providing terminal services for container liner ships.