The European Commission has cleared the 1-billion-ecu acquisition of Trafalgar House…

Date: 18/04/1996

...by Norwegian shipbuilding conglomerate Kværner. The main overlap between the two firms is in design and construction of offshore oil and gas platforms in the North Sea, and the merger will give the combined company a market share of less than 25&percent; in this area. Since many alternative suppliers to oil and gas producers will be in the market, the Commission had no fears that this merger would lead to a dominant position.