The European Union (EU) regulators are thought to be preparing to veto a merger between Daewoo Shipbuilding and Marine Engineering and Hyundai Heavy Industries Group per reports from the Financial Times.
Quoting authorities, the paper mentioned that this week, the EU’s antitrust authority is all prepared to announce its intent to block a two-billion-dollar merger as it considers the same to be anti-competitive.
The EU made such a decision out of concerns that this merger may even negatively...
https://www.marineinsight.com/shipping-news/eu-hinders-mega-merger-of-south-korean-giants-dsme-hhi/