Proposed Merger between Dubai Drydocks World LLC and Labroy Marine Ltd

Notifying Parties:

Dubai Drydocks World LLC and Labroy Marine Limited

Notifying Date:

30 October 2007

Summary of transaction:

PART 5
INFORMATION FOR THE CCS PUBLIC REGISTER
(TO BE COMPLETED BY THE APPLICANT(S)) 

1.The Applicants

Dubai Drydocks World LLC
Labroy Marine Limited

2. Description of the merger

The notification is in relation to a voluntary conditional cash offer by Dubai Drydocks World LLC (“DDW”) for all the issued and paid-up ordinary shares in the capital of Labroy Marine Limited (“LML”). DDW and LML are of the view that given the strong competitive nature of the shipbuilding/repair/conversion, as well as rig building industries and the multitude of competitors in the worldwide markets, the merger, when carried into effect, will not lead to a substantial lessening of competition in the relevant Reportable Markets.

3. Relevant good(s) or service(s) involved

The worldwide provision of shipbuilding/repair/conversion services, as well as rig building services.

Decision:

The proposed joint venture, if carried into effect, will not infringe the section 54 prohibition.

Decision Date:

6 December 2007
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