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Europe Daily Bulletin No. 12868

14 January 2022
Contents Publication in full By article 15 / 33
ECONOMY - FINANCE - BUSINESS / Competition
European Commission prohibits proposed acquisition of Daewoo Shipbuilding & Marine Engineering by Hyundai Heavy Industries Holdings
Brussels, 13/01/2022 (Agence Europe)

The European Commission decided on Thursday 13 January to prohibit the acquisition of Daewoo Shipbuilding & Marine Engineering CO., Ltd (DSME) by Hyundai Heavy Industries Holdings (HHIH).

The merger between the two South Korean shipbuilders would have created a dominant position by the new merged company and reduced competition in the global market for the construction of large liquefied natural gas (LNG) carriers. The parties did not formally propose any remedies to address the...

Contents

SECURITY - DEFENCE
EXTERNAL ACTION
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
EU RESPONSE TO COVID-19
COURT OF JUSTICE OF THE EU
COUNCIL OF EUROPE
NEWS BRIEFS
CORRIGENDUM