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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. ....
Hyundai Heavy Industries (HHI) has joined hands with Seoul National University (SNU) to foster artificial intelligence (AI) professionals and technology for future growth. Hyundai and SNU signed a memorandum of understanding (MOU) to cooperate in AI technology for heavy industry use at the school’s administrative building in Seoul, Wednesday. The signing ceremony was attended by . ....