Press Release: Mergers: Commission clears proposed acquisition of Hapag Lloyd by Kühne, HGV and TUI

The European Commission approved under the EU Merger Regulation the proposed acquisition of joint control over Hapag Lloyd AG, a German shipping company with worldwide activities, by Kühne Holding AG, Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH (HGV) and TUI AG, all of Germany. Hapag Lloyd is currently fully owned by TUI. After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.