Brussels, 5 December 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Meyer Werft GmbH (‘Meyer Germany’) by the German Federal Ministry for Economic Affairs and Climate Action (‘BMWK’) and by the Ministry of Finance of the State of Lower Saxony (‘MOF NDS’), all of Germany.
The transaction relates primarily to the construction and sale of cruise ships of all sizes up to 185,000 gross tonnage.
The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active on the same or vertically related markets. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11733.