EC delays Dentressangle’s acquisition of TDG
Following the announcement of its intention to dispose of TDG, DouglasBay Capital has announced that the deal has been delayed due to a request from the European Commission’s request for further information. In November 2010, Norbert Dentressangle agreed to purchase TDG in a transaction that was expected to close in mid-January 2011. The sale is conditional on competition clearance by the European Commission, which now requires additional information from both parties in order to complete its review of the transaction. Completion of the acquisition of TDG’s holding company Laxey Logistics is now likely to take place in mid-March. Quelle: eyefortransport Portal: www.logistik-express.com |