Hutchison Ports Netherlands, the parent company of container transhipment company ECT, is allowed to take over container terminal APM Terminals Rotterdam. The Netherlands Authority for Consumers & Markets (ACM) has decided this.
Shareholders of APMT and Hutchison already agreed on the takeover. It also had to be approved by the competition authorities. The works council and the trade unions have also yet to issue advice.
According to ACM, even after the takeover, sufficient competition will remain in the market for the transshipment of containers from deep-sea vessels. The strong position of the large shipping companies ensures that the three transhipment companies in the port of Rotterdam (in addition to ECT and APM also RWG) continue to compete on competitive prices, good service and innovation.
And that is the most important consideration for an assessment by the Netherlands Authority for Consumers & Markets. ACM’s Chairman of the Board Martijn Snoep: “The study shows that the market share of the group to which ECT is a part will increase only slightly as a result of the takeover. extra transhipment capacity. “
The intention is that APMTR will continue to exist as an independent organization for the time being. As a result of the takeover, APM Terminals Rotterdam becomes part of the group that also includes ECT. ECT owns the ECT Delta Terminal and the ECT Euromax terminal.
As soon as the deal is closed, the thirty-year-old Delta Terminal will be completely replaced, including the quay wall. More than six hundred people work at the 100-hectare terminal. Maersk and MSC in particular unload and load containers here.
Hutchison guarantees that there will be no redundancies for the first four years.
Source link by https://www.rijnmond.nl/nieuws/200147/Geen-bezwaar-tegen-overname-APM-Terminals-door-moederbedrijf-ECT
*The article has been translated based on the content of Source link by https://www.rijnmond.nl/nieuws/200147/Geen-bezwaar-tegen-overname-APM-Terminals-door-moederbedrijf-ECT
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
These were the details of the news ‘No objection to acquisition of APM Terminals by parent company ECT’ for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at news1.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
