reuters.com

MSC and BlackRock Withdraw Approval Request for Barcelona Port Stake

BlackRock logoBlackRock
Sig2.70Sen-2.25Env0.00Soc0.00Gov-2.25

The EU Commission opened a full-scale competition investigation into a deal where MSC’s unit TiL and BlackRock would have acquired joint control of Hutchison’s container terminal at Barcelona port. The Commission said the transaction could raise prices or lower service quality by weakening rivals, including concerns MSC might receive preferential treatment.

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