Affected market: Offshore oil and gas fabrication services
This transaction was identified by the OFT's Mergers Intelligence
Committee. The four month statutory limit within which to consider
this transaction was due to expire on 4 June 2013 but this deadline
was extended to 18 June 2013 by virtue of section 25(2) notice of
the Enterprise Act 2002 (the Act).
On the basis of the information available to it, the Office of Fair
Trading has decided that the completed acquisition of Dorchester
Garden 948 (formerly IFABLimited) by Global Energy Group (Isleburn)
does not qualify for investigation under the mergers provisions of
the Enterprise Act 2002 (the Act), because neither the UK turnover
test nor the share of supply test in section 23 of the Act is met. A
relevant merger situation has, therefore, not been created.