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BT Luxembourg cleared to acquire Smit Lamnalco Projects in Papua New Guinea

( September 8, 2025, 07:32 GMT | Official Statement) -- MLex Summary: BT Luxembourg II’s proposal to indirectly acquire Smit Lamnalco Projects and directly acquire Smit Lamnalco Towage PNG through BT’s business Boluda has been cleared by Papua New Guinea’s mergers regulator. In a statement, the Independent Consumer and Competition Commission said it had noted that the acquirer didn’t have any business operations in any markets in the country, meaning that the deal would “only result in a change of ownership of SLP and SLT … to Boluda.” “The current structure of the market, the level of competition and the current position of SLP and SLT would remain the same after the acquisition,” ICCC Acting Chief Executive Officer Brian Ivosa said in the statement.The Independent Consumer and Competition Commission's clearance determination is attached; the full statement follows:  ...

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