Press Release: Mergers: Commission approves proposed acquisition of Ermewa by TLP (SNCF group), subject to conditions

The European Commission cleared on 22 January 2010 under the EU Merger Regulation the proposed acquisition of the Swiss company Financière Ermewa (Ermewa) by Transport et Logistique Partenaires SA (TLP) owned by the French SNCF. This clearance is conditional upon the divestment of Ermewa's European activities involving axial hopper wagon hire for cereal transportation and its involvement in the organisation of cereal transport by rail. In view of the remedies proposed, the Commission has concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.