Germany probing sale of Maersk container maker to CIMC

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Germany’s Federal Cartel Office is probing the proposed sale of Maersk’s refrigerated container manufacturing unit to China International Marine Containers, a spokesman for the office said on Thursday, according to Reuters.

The office has opened an investigation into the effects the takeover of Maersk Container Industry by CIMC could have on markets, it said.

China International Marine Containers agreed a deal with A.P. Moller – Maersk in September to acquire Maersk Container Industry, a leading manufacturer of refrigerated containers, for almost $1 billion.