View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 3, 2020

EU antitrust regulators suspends HHI-DSME merger probe

The EU antitrust regulators have reportedly suspended their probe into the $1.8bn merger of Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering.

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.

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology