Fnac Darty: Brussels authorizes the creation of a joint venture with CMA CGM

(Boursier.com) — The European Commission has approved, under the European Merger Regulation, the creation of a joint venture by CEVA Logistics and Fnac Darty, both based in France. Brussels concluded that the proposed concentration would not raise competition concerns, given the limited impact on the European Economic Area and the limited market positions of the companies concerned resulting from the proposed transaction. The notified transaction was examined under the simplified merger control procedure.

Fnac Darty and the subsidiary of the CMA CGM group announced last October an agreement to establish a joint venture whose ambition would be to become a major European player in the e-commerce logistics and SaaS Marketplace market.