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Shipbuilding Mergers and Acquisitions South Korea

EU rejects HHI’s acquisition of Daewoo Shipbuilding

The decision, announced today, follows an in-depth investigation by the European Commission into the proposed transaction, which would have combined the two leading South Korean shipbuilders

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The European Commission says it received feedback expressing concern ‘that the transaction would create a company with a dominant position in the worldwide market for the construction of large LNG carriers, reduce competition and increase prices for these vessels’

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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