Hyundai Heavy Industries Group is to complete payment for the acquisition of Doosan Infracore this week, in a deal that would put the ship-focused group atop of the country’s construction equipment industry, according to industry officials Monday. In February, the group’s holdings company formed a consortium with KDB Investment and signed a contract to buy .
Clock still stopped on EU probe of Hyundai-DSME-merger offshore-energy.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from offshore-energy.biz Daily Mail and Mail on Sunday newspapers.
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.