KLM Royal Dutch Airlines has withdrawn its plans to take over Nedlloyd’s
50 percent stake in Martinair.
KLM said it withdrew its bid after European Commission "expressed
serious doubts whether the transaction met the requirements of European
Union rules on competition." KLM already owns a 50-percent stake in
Martinair.
KLM said it offered to modify its proposal to insure competition on the
Dutch domestic market, but the airline and the EC could not agree on
details.
According to KLM, the end of the deal will not affect "the long-standing
relationship between KLM and Martinair."
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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