Business Services Industry
EU and US authorities clear acquisition of Royal P&O Nedlloyd NV by AP Moller-Maersk A/S
Nordic Business Report, August 1, 2005
NORDIC BUSINESS REPORT-1 August 2005-EU and US authorities clear acquisition of Royal P&O Nedlloyd NV by AP Moller-Maersk A/S(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com
The Danish multi-sector group AP Moller-Maersk A/S announced on Saturday (30 July) that its acquisition of container shipping and logistics group Royal P&O Nedlloyd NV had been cleared by both the European Commission and the US Department of Justice.
AP Moller-Maersk announced in June a public offer for all shares of Royal P&O Nedlloyd. The cash offer of EUR57 per share valued Royal P&O Nedlloyd at approximately EUR2.3bn.
One euro (EUR) is worth approximately 0.67 British pounds (GBP).
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