October 21, 2020

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    hyundai heavy industries

    Hyundai reportedly discussing concessions with EU regulators

    The world’s biggest shipbuilder Hyundai Heavy Industries Holdings is talking about concessions with EU antitrust regulators to allay concerns regarding its $1.8 billion bid for rival Daewoo, people knowledgeable with the matter said. The deal, in part a reply to overcapacity in the sector, would reinforce the company’s leading position with a 21% market share, […]

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    Hyundai’s $1.8 billion deal with Daewoo faces EU probe

    World No. 1 shipbuilding group Hyundai Heavy Industries Holdings’ $1.8 billion merger with competitor shipbuilder Daewoo will deal with a full-scale investigation in Europe because of severe EU antitrust concerns, two people knowledgeable with the matter stated on Monday.  Hyundai in January declared the deal to form the world’s biggest shipbuilder with a 21 percent […]


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