TTS Group ASA

MacGregor receives clearance from the S. Korean competition regulator for the acquisition of the marine and offshore businesses of TTS

CARGOTEC CORPORATION, 27 DECEMBER 2018 AT 5.00 PM EET

MacGregor, part of Cargotec, has today received a clearance decision from the South Korean Fair Trade Commission on the company’s acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018. 
MacGregor announced the approval from the German regulator on 6 November 2018 but is still waiting for the approval from the competition authority in China. As communicated on 20 December, 2018, MacGregor...

http://www.allaboutshipping.co.uk/2018/12/27/macgregor-receives-clearance-from-the-s-korean-competition-regulator-for-the-acquisition-of-the-marine-and-offshore-businesses-of-tts/

MacGregor takes German approval for TTS acquisition

MacGregor, a part of Cargotec, has received, on November 5, a clearance decision from the German Federal Cartel Office (Bundeskartellamt) for the company’s acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018.

The completion of the intended transaction is still subject to regulatory approvals in China and South Korea. MacGregor expects to receive these approvals by the end of 2018 and to complete the transaction, according to the agreement,...

http://container-news.com/macgregor-german-approval-tts-acquisition/