The European Commission has approved the creation of a joint venture between Switzerland’s MSC Mediterranean Shipping Company (MSC Group) and Japan’s Nippon Yusen Kabushiki Kaisha (NYK Group). The decision was made under the EU Merger Regulation (Case M.12166).
The joint venture will focus on air and sea freight forwarding services across multiple African countries. The Commission determined that the transaction is unlikely to raise competition concerns in the European Economic Area and reviewed it under the simplified merger procedure.
About the Joint Venture
The partnership involves MSC’s Kenyan subsidiary, AGL Kenya Limited, and NYK’s logistics arm, Yusen Logistics Global Management Co., Ltd. Together, they will acquire joint control over the new venture through a share purchase. The joint venture will be incorporated in Kenya, though its official name is still under discussion.
Company Profiles
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MSC Group: Headquartered in Switzerland, MSC operates globally in container shipping, port handling, logistics, and cruise services. Its network spans worldwide, with a strong presence in logistics and freight forwarding.
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NYK Group: Based in Japan, NYK operates in 46 countries with over 650 offices and logistics centers. Its services include ocean and air freight forwarding, warehousing, supply chain management, and temperature-controlled transport. While NYK currently has no direct operations in Africa, it brings extensive international logistics expertise to the venture.
The newly formed joint venture will leverage the strengths of both groups to provide comprehensive freight forwarding services throughout Africa.
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