Competition Commission Reports on Svitzer-Adsteam Takeover
On 9 February the Competition Commission (CC) published its final report on SvitzerWijsmullers proposed takeover of Adsteam Marine Ltd. In the report the Commission will require SvitzerWijsmuller A/S to sell off one of the harbour towage operations in Liverpool if it goes ahead with the anticipated acquisition of Adsteam Marine Ltd. The CC has decided that the acquisition may be expected to result in a substantial lessening of competition for towage services in Liverpool, although it has not identified similar problems anywhere else in the UK. This confirms the provisional findings published in December last year.
On 9 February the Competition Commission (CC) published its final report on SvitzerWijsmullers proposed takeover of Adsteam Marine Ltd. In the report the Commission will require SvitzerWijsmuller A/S to sell off one of the harbour towage operations in Liverpool if it goes ahead with the anticipated acquisition of Adsteam Marine Ltd. The CC has decided that the acquisition may be expected to result in a substantial lessening of competition for towage services in Liverpool, although it has not identified similar problems anywhere else in the UK. This confirms the provisional findings published in December last year.
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