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Proposed Merger between Dubai Drydocks World LLC and Labroy Marine Ltd
30 October 2007
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Reference: | 400/008/07 |
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Notifying Parties: | Dubai Drydocks World LLC and Labroy Marine Limited |
Notifying Date: | 30 October 2007 |
Summary of transaction: | PART 5 1.The Applicants Dubai Drydocks World LLC 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 |