The Singapore Competition Authority opens a phase-II review of a proposed merger between two shipbuilding companies due to concerns that the removal of competition would be detrimental to customers (Korea Shipbuilding / Daewoo Shipbuilding)

Kao, Jonathan

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29 Jan 2020

The Singapore Competition Authority opens a phase-II review of a proposed merger between two shipbuilding companies due to concerns that the removal of competition would be detrimental to customers (Korea Shipbuilding / Daewoo Shipbuilding)

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Reference

Singapore Competition Authority, Korea Shipbuilding / Daewoo Shipbuilding, Press Release, 29 January 2020

The estimated US$2 billion (S$2.7 billion) transaction raised concerns that the removal of competition would be detrimental to customers in Singapore. Following an application for decision on 12 September 2019, The Competition and Consumer Commission of Singapore (the ''CCCS'')

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Author

Jonathan Kao
Bird & Bird (Singapore)

Singapore 5 contributions 412 visits

Quotation

Jonathan Kao, The Singapore Competition Authority opens a phase-II review of a proposed merger between two shipbuilding companies due to concerns that the removal of competition would be detrimental to customers (Korea Shipbuilding / Daewoo Shipbuilding), 29 January 2020, e-Competitions January 2020, Art. N° 93927

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