Italy’s bid to create a European industrial champion in the shipbuilding industry faces difficulty after EU antitrust regulators said Fincantieri’s bid for Chantiers de l’Atlantique would significantly reduce competition.
The European Commission said the deal between two global leaders in an already concentrated and capacity constrained market could push up prices for cruise ships as it began an investigation on Wednesday.
Italy is hoping the deal will help Fincantieri, Europe’s biggest shipyard, ward off competition from Asia and other regions.
Full Content: Financial Times, Europe Press
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
