The Service of the Commission for the Protection of Competition has received a notification of a concentration, according to Section 10 of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of Columbia Marlow Holding Ltd by Schoeller group, via Ferrum Marine Company Ltd.
Ferrum Marine Company Ltd is a company duly registered under the laws of Marshall Islands. This company belongs to Schoeller Group of companies and its sole business is the holding of shares in Columbia Marlow Holding Ltd.
The Schoeller Group offers a number of services related to the shipping sector worldwide. The activities of the Schoeller Group concern the field of ship-management and other related maritime services. Schoeller Group is a global provider of maritime services, specializing in the provision of all ship management services and in particular crew management services and technical management services of maritime assets which belong to third-parties. It is also active in the ship-ownership sector as a ship owner, including container vessels, multipurpose vessels, product carriers and chemical tankers. The vessels owned by the Schoeller Group trade either through shipping earnings pools or as tramp trades or are time chartered to major liner companies worldwide, including of its own liner companies. The Schoeller Group is also active in other sectors that are not related to the shipping sector, such as restaurants and hotels.
Columbia Marlow Holding Ltd is a company duly registered under the laws of the Republic of Cyprus, and was created through the merger of the ship-management activities of the Marlow Group and the Schoeller Group in 2017. Columbia Marlow Holding Ltd is active through its subsidiaries in the field of ship-management worldwide. Specifically, its subsidiaries are global providers of maritime services, specializing in the provision of all ship management services and in particular crew management services and technical management services of maritime assets which belong to third-parties. It is noted that the Target in this transaction excludes the companies of Columbia Marlow Holding Ltd that will be transferred to the Marlow Group.
|