A PYMNTS Company

EU Halts Probe Into Hyundai, Daewoo Shipbuilding Tie-up, Again

 |  July 14, 2020

EU antitrust regulators have again halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ $1.8 billion merger with Daewoo, a European Commission filing showed, reported Reuters. 

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    This is the third time the EU competition enforcer has halted the probe, having done so previously while waiting for details and due to delays related to the coronavirus crisis. 

    The Commission warned in December that the deal to create a company with a 21% market share could push up prices, saying that European shipping companies, among the two shipbuilders’ biggest customers, may be affected.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.