Toyota: EU approves acquisition of PT.Patimban

(CercleFinance.com) - The European Commission has cleared, under EC Merger Regulations, the acquisition of joint control of PT.
Patimban International Car Terminal (PT. Patimban) by Toyofuji Shipping (Toyofuji), Nippon Yusen Kabushiki Kaisha (NYK), Kamigumi and Toyota Tsusho Corporation (TTC), all of Japan.

PT. Patimban operates and manages the automotive terminal business in the new international port of Patimban, Indonesia.

The Commission concluded that the proposed acquisition would not give rise to any competition concerns.


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