The EU antitrust regulators have reportedly suspended their probe into the $1.8bn merger of Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering.
The organisation halted the process on 1 April as it is waiting for information to be provided by the companies.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
In an emailed statement, the regulator said: “Once the missing information is supplied by the parties, the clock is re-started and the deadline for the commission’s decision is adjusted accordingly.”
In a few cases, many companies that were affected by the Covid-19 pandemic have faced delays in responding to information requests, which the EU has considered.
In February, Japan filed a petition with the World Trade Organisation (WTO) over the legitimacy of the merger.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
