Competition and Consumer Commission in Singapore questions proposed merger between Wilhelmsen and Drew
25.05.2018 07:26
http://www.newsweb.no/index.jsp?messageId=452183

On 27 April 2017, Wilhelmsen signed an agreement to acquire the technical solutions business from Drew Marine, subject to regulatory approval. Today, the Competition and Consumer Commission in Singapore has issued a provisional decision stating that the proposed merger in their view will substantially lessen competition in the market for the supply of water treatment chemicals in Singapore. Wilhelmsen disagrees with the commissions conclusion and will make use of the right to address the commission's conclusion and continue to work towards a positive outcome. A conclusion is expected later this year. For further information Christian Berg, group CFO, +47 917 46 910 Benedicte Teigen Gude, SVP HR and communications, +47 959 07 951

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Wilh. Wilhelmsen Holding ASA published this content on 25 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2018 05:42:00 UTC