
BRUSSELS (AFX) - The European Commission said it has cleared the proposed joint acquisition by Veolia Transport and investment group Butler Capital Partners of ferry company Societe Nationale Corse Mediterranee (SNCM).
The commission said the deal would not impede effective competition in the European Economic Area.
France's SNCM is currently state owned and carrys passengers and freight from France to Corsica, Algeria, Tunisia and Sardinia. simon.zekaria@afxnews.com sz/joy COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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