Competition authorities in China, Singapore and Kazakhstan had already given their blessing to the merger plans. Image: Margrethe Vestager/European Union, 2022. EU, Reinforcing Tough Line on Antitrust, Blocks Merger of Shipbuilding Giants
Lawyers say the move underscores antitrust chief Margrethe Vestager's willingness to put her foot down where other global enforcers won't.
January 20, 2022 at 10:49 AM
3 minute read
Antitrust
In a move highlighting Brussels officials' willingness to go where other antitrust enforcers won't, the European Commission has halted a merger between the world's largest and second-largest shipbuilding companies over competition concerns.
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