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EU: Commission will review French-Italian shipbuilding merger

 |  January 8, 2019

The European Commission announced  that it would investigate Italian shipbuilder Fincantieri’s planned acquisition of French counterpart Chantiers de l’Atlantique after France and that Germany requested the investigation.

The merged entity would not have a turnover high enough to require notification to EU regulators. “However, the plan was notified for authorization in France and Germany,” the Commission explained in a statement.

It added that, on the basis of information provided by both countries, it had concluded that the transaction could significantly harm competition in shipbuilding, in particular in the global market for cruise ships.

Full Content: Reuters

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