The EU Competition Commission has stopped the clock in its in-depth investigation into the US$1.8bil (RM7.4bil) acquisition of Daewoo Shipbuilding & Marine Engineering Co (DSME) by Hyundai Heavy Industries Holdings Co (HHIH) since July 3, 2020. (File pic shows a Daewoo shipyard)
SEOUL: The European Union’s (EU) antitrust regulator has not yet resumed its review of the proposed merger between South Korea’s two leading shipbuilders, putting its decision on hold for nearly a year.
The EU Competition Commission has stopped the clock in its in-depth investigation into the US$1.8bil (RM7.4bil) acquisition of Daewoo Shipbuilding & Marine Engineering Co (DSME) by Hyundai Heavy Industries Holdings Co (HHIH) since July 3, 2020.
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