European Union (EU) officials are reportedly preparing to block a merger valued at $2bn between South Korean shipbuilders Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI).
This is the first time since 2019 that Brussels has decided to turn down a corporate merger, reported the Financial Times (FT).
The proposed partnership between DSEM and HHI was also first announced in 2019, at which time Brussels demanded that the companies provide solutions to prevent worries...
https://www.ship-technology.com/news/eu-block-daewoo-hyundai-merger/