<div id="readability-page-1"><div><p>By Edith Hancock</p><p>   The European Union opened an investigation into a bid by Terminal Investment Limited, owned by Blackrock and MSC, for joint control of a key operator of a deep-sea container terminal in Barcelona. </p><p>    The European Commission said Wednesday that it is concerned that Tercat--which is currently owned by CK Hutchison's Hutchison Ports--could lessen competition among shipping companies by giving MSC preferential use of the terminal's services. It said this could lead to higher prices, late access to docking space and reduced availability of cranes and storage space. </p><p>    The commission set an April 30, 2026 deadline to end its in-depth probe. </p><p>    Officials started investigating the deal after it was flagged for review in early November. The regulator said that an initial probe indicated that the transaction may significantly hinder competition for container terminal services at the port. </p><p>   Write to Edith Hancock at edith.hancock@wsj.com </p><p>   (END) Dow Jones Newswires</p><p>12-10-25 1215ET</p></div></div>

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<p>The European Union has launched an investigation into Terminal Investment Limited's bid for joint control of a deep-sea container terminal in Barcelona, currently owned by CK Hutchison's Hutchison Ports. The European Commission is concerned that the deal could reduce competition among shipping companies, potentially leading to higher prices and reduced service availability. The probe is set to conclude by April 30, 2026.</p>

EU Opens Probe Into TIL, CK Hutchison Barcelona Terminal Deal