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EU: Commission opens in-depth probe into acquisition of Chantiers de l’Atlantique by Fincantieri

By  |  November 3, 2019
EUROPEAN COMPETITION LAW: ENFORCEMENT OR REGULATION AFTER INTEL?

The European Commission has opened an in-depth investigation to assess the proposed acquisition of Chantiers de l’Atlantique by Fincantieri, under the EU Merger Regulation. The Commission is concerned that the transaction may reduce competition in the global cruise shipbuilding market.

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    Commissioner Margrethe Vestager, responsible for competition policy, said: “Demand for cruise ships is booming globally. Chantiers de l’Atlantique and Fincantieri are two global leaders in this sector. This is why we will carefully assess whether the proposed transaction would negatively affect competition in the construction of cruise ships to the detriment of the millions of Europeans taking cruise holidays every year.”

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