Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

STX's Aker takeover under the EU spotlight

STX's Aker takeover under the EU spotlight

Brussels: EU competition regulators will open an in-depth investigation of the acquisition by South Korea's STX Shipbuilding of a controlling stake in Norway's Aker Yards, according to Reuters.
In October, STX splashed $800m for a 39.2% stake in the Norwegian shipbuilder, giving it effective control of the firm. The EU will now probe the deal for a period of 90 days. [21/12/07]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.