Shipping Industry - EU exec clears Maersk to buy Sweden's Brostrom
Danish shipping and oil group A.P. Moller-Maersk gained clearance from EU competition authorities on Wednesday to buy Swedish shipping company Brostrom . European Commission, the competition watchdog of the 27-nation European Union, said the deal would not impede competition even though the parties' activities overlap on several markets in the liquid bulk tanker sector. "The Commission's investigation showed that the merging parties' combined market shares in these markets would remain relatively low and that customers would continue to have real choice between several suppliers," the Commission said in a statement.
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