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EC Welcomes Decision To Abandon CIMC-Burg Merger

by Ulrika Lomas, for LawAndTax-News.com, Brussels

31 July 2006


The European Commission announced last week that it will not adopt a final decision under the EU Merger Regulation on the proposed acquisition by China International Marine Containers of the Dutch Burg Group, following the parties’ announcement of the abandonment of the deal.

During the course of an in-depth investigation, the Commission had issued a statement of objections and provisionally concluded that the transaction would create a quasi-monopoly position in the market for standard ISO tank containers, leading to a significant impediment of effective competition.

Additionally, the Commission had taken the preliminary view that the planned deal would impede effective competition in the market for specialised ISO tank containers by removing the best-placed entrant.

ISO tank containers are cylindrical tanks, supported by a frame, that conform to the International Organization for Standardization (ISO) container manufacturing standards. They are used for the transportation of hazardous and non-hazardous liquid cargoes in container ships, where they can be easily piled next to standard freight container boxes.

After a careful investigation following the parties’ announcement, the Commission stated that it is satisfied that the planned transaction will effectively be abandoned.


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