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2008 May 4   06:30

EU sets inquiry deadline for Eurogate, Maersk jv June 5

The European Commission said the deadline for its inquiry into Eurogate GmbH & Co. and AP Moeller unit Maersk's proposed joint venture is set for June 5.
The joint venture will construct, develop and operate a container terminal in Wilhelmshaven, Germany.
Following the transaction, the two companies will have joint control of the terminal.
The terminal will make over half its capacity available to third parties, but will also provide capacity for Maersk volumes.

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