Mergers: Commission clears joint acquisition of a port terminal in Spain by Marmedsa and UECC
The European Commission has approved under the EU Merger Regulation the proposed acquisition of United European Car Carriers Ib?rica (UECC Ib?rica) of Spain by Mar?tima del Mediterr?neo (Marmedsa) of Spain, and the current parent United European Car Carriers Unipessoal (UECC) of Portugal. UECC Ib?rica manages and operates a terminal in the port of Pasajes (Gipuzkoa, Spain) for the handling of vehicles. Marmedsa, operating under the Noatum brand, provides maritime, logistics and cargo terminal operations in the Iberian Peninsula.
UECC is a subsidiary of United European Car Carriers, B.V., active in the provision of short-sea vehicle transportation of cars and light commercial vehicles within Europe. The Commission concluded that the proposed acquisition would raise no competition concerns, because a number of alternative vehicle terminal operators and carriers will remain active in Spain after the transaction. The transaction was examined under the simplified merger review procedure.