“The analysis carried out by the Commission indicated that the change to sole control which constitutes a concentration within the meaning of the Merger Regulation does not raise any competition concerns,” the European Commission said.
The P&O group, which announced the '150-million ($215-million) buy-out in April, said that it expects to complete the purchase of Stena’s 40-percent shareholding within a week.
Jeffrey Sterling, chairman of the P&O group, said that it will now proceed with the planned consolidation of the ferry businesses, and expects to maximize synergies.
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