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Lineage Logistics' play for Cold Storage Nelson faces in-depth review in New Zealand

( March 24, 2022, 06:36 GMT | Official Statement) -- MLex Summary: Cold-storage and logistics multinational Lineage Logistics' planned acquisition of New Zealand’s Cold Storage Nelson is facing a regulatory challenge, with the country’s competition watchdog launching an in-depth probe into whether the impact of Covid-19 on the global supply chain could affect competition, once the deal has been completed. In a statement of preliminary issues published today, the New Zealand Commerce Commission also said it would be investigating whether the deal would make coordination in the industry more likely. Submissions to the new phase of the review will be accepted until May 4. The services offered by the companies include frozen and chilled storage, blast freezing and associated services related to the logistics and transportation of products such as dairy, seafood and meat.The Commerce Commission statement follows; its statement of preliminary issues is attached. ...

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