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EU to scrutinize European shipyard merger

The EU Commission is acting on a request by two countries and will now look into Fincantieri's plans to buy Chantiers de l'Atlantique. The merger of the two shipbuilders could potentially harm competition, says the Commission.

Photo: /ritzau/AP/Stephane Mahe

Italian Fincantieri's ambitions to buy French shipbuilder Chantiers de l'Atlantique could be harmful to competition in the shipbuilding sector in Europe as well as globally, says the EU Commission.

The Commission will now look into the proposed merger, in which Fincantieri will acquire the French shipyard.

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