The Competition and Consumer Commission of Singapore (CCCS) has approved the merger between Korea Shipbuilding & Marine Engineering (KSOE) and Daewoo Shipbuilding & Marine Engineering (DSME).
After assessing the merger, the competition watchdog said that the proposed merger will not violate the Competition Act’s section 54 prohibition.
In September last year, KSOE applied to the CCCS for a decision regarding the transaction and the organisation could not finalise the decision. Following that, in...
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