The EU Commission prohibits the proposed merger between two shipbuilding companies (Hyundai Heavy Industries / Daewoo Shipbuilding & Marine Engineering)

On 13 January 2022, the European Commission (“Commission”) announced its decision to prohibit Hyundai Heavy Industries Holdings’ (“HHIH”) acquisition of rival Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co., Ltd (“DSME”). The Commission was concerned that the transaction would give rise to problematic overlaps in the markets for the construction of oil tankers, container ships, liquefied petroleum

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Catherine Gordley, The EU Commission prohibits the proposed merger between two shipbuilding companies (Hyundai Heavy Industries / Daewoo Shipbuilding & Marine Engineering), 13 January 2022, e-Competitions January 2022, Art. N° 104992

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