Chinese corporate transactions under EU merger control rules

On 25 March 2015, the European Commission – the antitrust authority at the European Union level – cleared under its simplified merger review procedure the creation of a joint venture between Wärtsilä Corporation of Finland and China Shipbuilding Power Engineering Institute, a subsidiary of the China State Shipbuilding Corporation ultimately controlled by the Chinese State. This is one of the first merger control decisions in 2015 by the European Commission concerning a transaction involving a Chinese company, but is likely not to be the last in view of the continuing flows of EU investment coming from China.


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