Merger Notification - Announcement according to § 10 Cartel Act
SAS Shipping Agencies Services Sàrl; Traxens SAS
On 17.12.2020 the following merger was notified at the Federal Competition Authority:
Planned purchase process
SAS Shipping Agencies Services Sàrl, Luxembourg, a wholly-owned subsidiary of MSC Mediterranean Shipping Company S.A., Switzerland, intends to acquire additional shares thereby increasing its equity stake from currently 22% to more than 25% over Traxens SAS, France.
Economic sector. Logistic asset tracking and cargo monitoring services.
Industry sector: H - Verkehr und Lagerei
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 14.01.2021.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 15.01.2021 .