The EU Commission opens an in-depth investigation into a proposed merger in the maritime transport market (DSME / HHIH)

Mergers: Commission opens in-depth investigation into proposed acquisition of DSME by HHIH* The European Commission has opened an in-depth investigation to assess the proposed acquisition of Daewoo Shipbuilding & Marine Engineering CO., Ltd (DSME) by another shipbuilding group, Hyundai Heavy Industries Holdings (HHIH), under the EU Merger Regulation. The Commission is concerned that the merger may reduce competition in various global cargo shipbuilding markets. Executive Vice-President Margrethe Vestager, responsible for competition policy, said: “Cargo shipbuilding is an important industry for the European Union. Maritime transport represents a substantial portion of the EU's internal

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European Commission, The EU Commission opens an in-depth investigation into a proposed merger in the maritime transport market (DSME / HHIH), 17 December 2019, e-Competitions Bulletin December 2019, Art. N° 92811

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