UPDATE 1-EU clears Nordic shipping JV's buy of Hyundai unit

Newswire

(adds background, detail) BRUSSELS, Nov 29 (Reuters) - Scandinavian shipping companies Wallenius Lines AB and Wilhelmsen ASA were cleared to buy a car shipping unit from South Korea's Hyundai Merchant Marine , the European Commission said on Friday. The Commission said it approved the deal once Wallenius and Wilhelmsen offered to withdraw from a shipping conference, a group of shippers who coordinate schedules and sometimes rates, ending a threat to competition. The Commission said ...

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