Brussels, 31/08/2011 (Agence Europe) - The European Commission, on Tuesday 30 August, cleared the proposed acquisition of joint control over Beluga Hochtief Offshore (BHO) by the German company Hochtief, currently its sole owner, and the Belgian company GeoSea.
The Commission examined the horizontal overlaps between the parties' activities in renting specialised vessels to the offshore industry and a potential vertical relationship between this activity and the downstream market for the...