Hyundai Heavy Industries Group has asked the South Korean Fair Trade Commission (FTC) to grant its takeover of Daewoo Shipbuilding and Marine Engineering (DSME).
A final decision will be taken by the FTC after it has carried out a thorough review of the potential effects that the merger could have on the shipbuilding market.
As well as approaching the FTC, Hyundai Heavy has also filed similar applications with anti-trust authorities in Japan, China, Kazakhstan and the European Union, with...
https://www.ship-technology.com/news/hyundai-heavy-dsme-acquisition/