US sues to stop Wilhelmsen from buying smaller rival Drew Marine

Wilh Wilhelmsen Holding ASA

23/02/2018 14:02

WASHINGTON, Feb 23 (Reuters) - The U.S. Federal Trade 
Commission said on Friday that it would file a lawsuit in a bid 
to stop Wilhelmsen Maritime Services'  WWI.OL  from buying a 
smaller rival Drew Marine Group. 
    The FTC said that the $400 million deal would reduce 
competition in the market for marine water treatment chemicals 
used in a ship's boiler water and engine cooling water systems. 
 
 (Reporting by Diane Bartz 
Editing by Chizu Nomiyama) 
 ((Diane.Bartz@thomsonreuters.com; 1 202 898 8313;)) 
 
Keywords: DREWMARINE M&A/WILHELMSEN