Approval has been granted by the European Commission (EC) through the EU Merger Regulation, for the creation of a new joint venture by Bergé Automotive Logistics (BAL), a subsidiary of Bergé y Cía, of Spain and Gefco España, which is ultimately controlled by the Russian state-owned rail company RZD.
The newly created joint venture will integrate and manage the finished vehicle logistic businesses and assets of BAL and Gefco España in Spain.
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BAL provides logistics services to the automotive industry and is especially active in dealing with domestic flows. Gefco España provides logistic services to a variety of industries, including integrated logistics services to the automotive industry, dealing especially with international flows.
The Commission concluded the proposed acquisition is unlikely to raise competition concerns because there would remain sufficient competition in the market and the companies’ customers (car manufacturers) will continue to enjoy buyers’ power.
Bergé works in multimodal logistic services and maintains it is the leader in the Spanish market, with strong presence in Mexico, Colombia, Peru and Panama.
