src="/files/fa/news/es/Thumbnails/47a483a3-5654-4f40-b657-20f3c16a1b04_260_199.jpg' class='img_convert' title='European Commission Approve Hapag-Lloyd UASC Merger' alt='European Commission Approve Hapag-Lloyd UASC Merger'>According to MANA, The merger would create a combined company worth about 7 to 8 billion euros ($7.5-$8.6 billion). It would be the world's fifth largest shipping firm, with access to the Asia-to-Europe trade route and trans-Atlantic and trans-Pacific routes.
"Both companies operate in the container liner shipping sector," the Commission said. "The clearance is conditional on the withdrawal of UASC from a consortium on the trade routes between Northern Europe and North America, where the merged entity would have faced insufficient competitive constraint."