Cargo Business Newswire

Wednesday, July 8, 2015

CMA CGM gets okay from EU to buy short sea transport firm

The CMA CGM Group has announced that the European Commission approved the acquisition of OPDR, an intra-European short sea transport expert that officially joined the group on July 1.

In order to finalize the acquisition, which was announced on November 25, 2014, by Jacques R. Saadé, founder, chairman and CEO of the CMA CGM Group, the approval of Moroccan and European Union regulatory authorities was necessary.

On June 29th, the European Commission finalized

the process by giving its approval without any conditions.

OPDR, a sea carrier, is part of the Bernhard Schulte Group. It is specialized in short sea maritime services and door-to-door logistics solutions between North Europe, the Canary Islands, the Iberian Peninsula and Morocco.

The OPDR fleet sails 4 trades between: North Europe and the Canaries, South of Spain and the Canaries, North Europe, Spain and Portugal, and North Europe and Morocco.