In terms of regulation 5(4) of the Control of Concentrations Regulations, 2002 published in Legal Notice 294 of 2002, the Director General of the Office for Competition notifies for general information that a notification of a concentration between PB Group Limited (Qormi, Malta) and Thomas Smith & Co Limited, TS Container Agencies Ltd, TC Smith Agencies Ltd, Thomas Smith Insurance Agency Ltd and Thomas Smith Insurance Brokers Ltd (Luqa, Malta), was filed on Tuesday, 13 June 2023.

The nature of the concentration is an acquisition of a number of entities from the Thomas Smith Group of companies by PB Group Limited.

PB Group Limited is a holding company and its portfolio of companies are involved in a wide variety of sectors including, water and energy, freight and logistics and property development. PB Global Limited is the sole company within the PB Group that in the same line of business as any of the target companies. The market with the overlap is freight forwarding. Thomas Smith & Co Ltd is a freight forwarder involved in all modes of transport (air freight, sea freight, road freight, courier) and TC Smith Agencies Ltd is a freight forwarder involved in sea freight only. TS Container Agencies Ltd is a container liner and ship agent, while Thomas Smith Insurance Agency Ltd & Thomas Smith Insurance Brokers Ltd are involved in the insurance business.

The Director General of the Office for Competition invites interested third parties to submit their written objections on this notified concentration within seven days following publication of this notice at the following address:

Malta Competition and Consumer Affairs Authority

Office for Competition

Mizzi House

National Road

Blata l-Bajda, HMR 9010

Malta

or [email protected]