COMMISSION CLEARS DEUTSCHE BAHN'S ACQUISITION OF BAX GLOBAL.

The European Commission on December 23 cleared the Deutsche Bahn's acquisition of US-based freight company Bax Global. Although the two companies both operate in the field of freight forwarding and logistics, the Commission concluded that the acquisition would not lead to an increased market share big enough to significantly impede effective competition in the EU. Deutsche Bahn is a German state-owned group of companies primarily active in passenger...