EC CLEARS DEUTSCHE POST’S PURCHASE OF NEDLLOYD DISTRIBUTION ARM

EC CLEARS DEUTSCHE POST’S PURCHASE OF NEDLLOYD DISTRIBUTION ARM

    The European Commission has approved the acquisition by the Deutsche Post group and its subsidiary Danzas of the transport and distribution arm of Royal Nedlloyd.
    Danzas will absorb the less-than-truckload and logistics activities of Nedlloyd, while the Deutsche Post parent group will integrate the Dutch group’s former parcel business into its international parcel division.
    Peter Wagner, chairman of Danzas, said that the acquisition will extend the company’s market position in logistics and strengthen its LTL business, particularly in Germany.
    The activities of Nedlloyd, purchased for 533 million euro ($624 million), will now be transferred to Deutsche Post and Danzas on July 6, a spokesman for Nedlloyd said.