The Singaporean Competition Authority prohibits a proposed merger in the market of supply of maritime products leading the companies to abandon the deal (Wilhelmsen Maritime Services / Drew Marine Technical Solutions)

Merger Control Infringement Decision - Consumer Commission of Singapore* On 25 May 2018, the Competition and Consumer Commission of Singapore ('CCCS') provisionally concluded that the proposed merger between Wilhelmsen Maritime Services AS (“WMS”) and Drew Marine Technical Solutions (“DMTS”) was likely to result in a substantial lessening of competition in the market for the supply of marine water treatment chemicals (including ancillary materials and services) in Singapore and so could infringe Section 54 of the Competition Act (Cap. 50B).[1] Ultimately the parties abandoned the deal and withdrew the filing. WMS and DMTS are established, global players active in the supply of maritime products and services worldwide to the full spectrum of marine vessel types. Their activities overlap

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  • Baker McKenzie (Singapore)

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Melissa Healy, The Singaporean Competition Authority prohibits a proposed merger in the market of supply of maritime products leading the companies to abandon the deal (Wilhelmsen Maritime Services / Drew Marine Technical Solutions), 25 May 2018, e-Competitions May 2018, Art. N° 88754

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