Saturday 22nd Oct 2016 - Logistics Manager

TDG takeover on hold as EU looks deeper

Norbert Dentressangle’s takeover of TDG has been delayed until mid-March after the European Commission called for more information on the deal.

The sale is conditional upon competition clearance by the European Commission.

TDG parent DouglasBay Capital said that the European Commission had requested further information from the parties to assist its review of the transaction.

When the £196m deal was announced on 29th November, the aim was to finalise the transaction by mid-January.