--Denmark's A.P. Moller-Maersk and Dubai's DP World are the targets of an antitrust investigation being carried out by authorities in India, Reuters reported Tuesday, citing "five sources familiar with the matter."

--The Competition Commission of India opened the investigation at the Mumbai port following a complaint from Singapore company PSA International Pte Ltd., the report said.

--A preliminary investigation led the CCI to conclude Maersk and DP World worked together prevent PSA from operating effectively at the Mumbai port, the report said, citing "two of the sources who have direct knowledge of the case."

Full story: https://www.reuters.com/article/us-india-regulator-port-exclusive/exclusive-india-to-probe-alleged-antitrust-behavior-by-maersk-dp-world-at-mumbai-port-sources-idUSKCN1NP1RY?il=0

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

November 20, 2018 11:58 ET (16:58 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
AP Moller Maersk AS (PK) (USOTC:AMKBY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more AP Moller Maersk AS (PK) Charts.
AP Moller Maersk AS (PK) (USOTC:AMKBY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more AP Moller Maersk AS (PK) Charts.