The EU merger control proceedings related to DSV's acquisition of shares in Vesterhavet-DSV Holding enter phase II.
As disclosed in January, a conditional agreement has been concluded between DSV and Vesterhavet on joint ownership of the controlling interest of approximately 56% of the share capital and voting rights in DFDS, a listed shipowning company owned by Vesterhavet through DSV's acquisition of shares in the newly incorporated holding company Vesterhavet-DSV Holding.
The transaction is subject to clearance by the competition authorities, who have decided that the transaction cannot be approved in phase I, despite certain undertakings proposed by the parties.
Accordingly, the approval process will proceed to phase II.
The parties will consider the decision of the competition authorities and decide on the next step.
