Germany OKs Zeitfracht Group stake in Romania’s Blue Air

The German Federal Cartel Office has approved the purchase of shares in Romania’s LCC Blue Air by Berlin-based logistics group Zeitfracht in an expansion bid. At the beginning of January, the Federal Cartel Office was notified of the transaction; the parties have agreed not to disclose the exact number of shares that will be acquired. Zeitfracht Group managing director Wolfram Simon-Schröter said, “With our entry into Blue Air, we have taken a major step forward in ...