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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (4826)	3/13/2006 10:42:56 PM
From: TobagoJack	Respond to of 218645

watch & brief: i hope the eu chooses wisely, between having companies domiciled within its jurisdiction getting crushed by brutal competition, and selling same to new owners per requirements of astute monetization online.wsj.com EU Probes Takeover Deal For Dutch Container Firm By ADAM COHEN and BRIDGET MURPHY March 14, 2006 BRUSSELS -- European Union antitrust regulators said they are investigating China International Marine Containers Co.'s takeover of Dutch company Burg Industries BV. The European Commission said the deal would bring together the world's two largest producers of tank containers for liquid cargoes, giving the new company a quasimonopolistic market position. Both companies make and sell standard tanks used to transport liquids in container ships where they can easily be piled next to standard freight container boxes. "The commission must ensure that this transaction will not be detrimental to customers like leasing companies and logistic operators and, ultimately, to the chemical and foodstuff industries," said EU Competition Commissioner Neelie Kroes. CIMC, which has more than 50% of the container market, had 2004 sales of 26.6 billion yuan ($3.3 billion). The company will form a holding company with Burg's owners, brothers Peter and Cees van de Burg, to buy Burg. CIMC will invest €37.5 million ($44.7 million) for a 75% stake while the van de Burg brothers will pay €12.5 million for a 25% share. The holding company will buy Burg for €110 million. Burg, had sales of €235.8 million in 2004, according to CIMC. The EU, which has until July 28 to examine the deal, can block the takeover or ask the companies to sell units or make other changes.