DFDS expects EU-approval next week
SHIPPING: The EU competition authorities are currently looking into DFDS' acquisition of Norfolkline. Ac-cording to the normal procedure, the EU will make a deci-sion within the period ending Thursday, 17 June.
"There-fore, by Friday of next week, we will know whether the DFDS-Norfolkline transaction can be approved in Phase 1, or whether the authorities will take more time and have the case transferred to Phase 2. We hope that we will receive approval next Thursday, so we can start work on the rights' issue, which must be completed before we can merge the companies", says DFDS CEO Niels Smedegaard.
Work on the approval has had Ole Færge, head of DFDS' legal department, as anchor man in a process that has brought up many ques-tions regarding the two companies.
Source: DFDS / maritimedanmark.dk
