Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,  BELGIË  
 
Tel: +32 229- 91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu.  
  EUROPEAN COMMISSION  
Brussels, 11.06.2021 
C(2021)  4314 final  
PUBLIC VERSION 
PSA Antwerp NV  
Napelsstraat 79    
2000 – Antwerp  
Belgium  
 Felbermayr Holding GmbH  Machstraße 7   
4600 – Wels  
Austria  
Subject : Case M. 10203 – PSA  / FELBERMAYR / PSA BREAKBULK / COIL 
TERMINAL Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No  139/2004
1 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 10 May 2021, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which PSA 
International Pte Ltd (‘PSA’, Singapore), through PSA Antwerp NV , and Felbermayr 
Holding GmbH (‘Felbermayr’, Austria)  acquire within the meaning of Article s 3(1)(b) 
and 3(4) of the Merger Regulation joint control of PSA Breakbulk NV (‘PSA 
Breakbulk’, Belgium), currently controlled solely by PSA , which will subsequently be 
merged with Coil Terminal NV (‘Coil Terminal’, Belgium), currently controlled 
jointly by Felbermayr, through Haeger & Schmidt Logistics Belgium NV (‘H&S 
Belgium’, Belgium), and PSA . The concentration is accomplished by way of purchase 
of shares.3 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘ Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 190, 18.5.2021 , p. 4. 

2 2. The business activities of the undertakings concerned are:  
− for PSA: global  operator of shipping terminals mainly active in the provision of 
stevedoring services at ports, with a particular focus on terminal services for 
container liner ships. PSA is also active in the logistics sector within and outside the EEA. It is ultimately  owned by Temasek Holdings (Singapore), the sovereign 
wealth fund of the Republic of Singapore,  
− for Felbermayr: diversified holding company active in Transport and Lifting Technology, Building and Construction, and Maritime Logistics Services mainly within  and, to a limited extent, outside the EEA . Felbermayr’s subsidiary H&S 
Belgium offers a comprehensive logistics portfolio within the EEA,  
− for PSA Breakbulk: general cargo handler in the port of Antwerp, Belgium, with 
a focus on steel products,  
− for Coil T erminal: general cargo handler in the port of Antwerp, Belgium, 
specialised in the handling of steel products.   
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation and of 
paragraph 5 (a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No  139/2004.
4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation and Article 57 of 
the EEA Agre ement . 
For the Commission  
 
 (Signed ) 
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5.