The European Commission has cleared the creation of a joint venture between French shipping group CMA CGM and energy company TotalEnergies under the EU Merger Regulation.
The deal mainly concerns logistics services for LNG bunkering, the process of supplying ships with liquefied natural gas (LNG) as fuel, the Commission announced on Friday.
It said it found no competition concerns because the joint venture will have negligible activities in the European Economic Area and the two companies’ combined market positions linked to the transaction are limited.
Simplified merger review
The case was assessed under the Commission’s simplified merger review procedure.
Further details are listed in the Commission’s public case register under case number M.12406, according to the Commission.
