EU Green-lights Cimic, Sojitz's Joint Ownership of UGL Rail Services Business

06:54 AM EST, 12/09/2025 (MT Newswires) -- The European Commission cleared the joint ownership of Australia-based UGL's rail services business by German construction group Hochtief's (HOT.F) Cimic Group and Japan-based Sojitz Corp. The watchdog said Tuesday the transaction, which involves transport infrastructure services, transport operations, and technology systems, is not expected to raise competition concerns due to its limited impact on the European Economic Area.