EU Opens Probe Into TIL, CK Hutchison Barcelona Terminal Deal
By Edith Hancock
The European Union opened an investigation into a bid by Terminal Investment Limited, owned by Blackrock and MSC, for joint control of a key operator of a deep-sea container terminal in Barcelona.
The European Commission said Wednesday that it is concerned that Tercat--which is currently owned by CK Hutchison's Hutchison Ports--could lessen competition among shipping companies by giving MSC preferential use of the terminal's services. It said this could lead to higher prices, late access to docking space and reduced availability of cranes and storage space.
The commission set an April 30, 2026 deadline to end its in-depth probe.
Officials started investigating the deal after it was flagged for review in early November. The regulator said that an initial probe indicated that the transaction may significantly hinder competition for container terminal services at the port.
Write to Edith Hancock at edith.hancock@wsj.com
(END) Dow Jones Newswires
December 10, 2025 12:15 ET (17:15 GMT)
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