Page 68 - Daewoo News Today

The European Commission confirmed its opposition to the proposed acquisition of Daewoo Shipbuilding...

The European Union on Thursday blocked the merger of South Korean shipbuilding giants Daewoo and Hyundai over concerns about restricting supplies of large liquified natural gas (LNG) carriers. The 27-nation bloc saw a potential security threat in restricting manufacturers. What has the EU said? EU Competition Commissioner Margrethe Vestager said, “We prohibited the merger.” The ...

Hyundai Heavy Industries proposed takeover of rival Daewoo Shipbuilding & Marine Engineering Co Ltd to create the worlds biggest shipbuilder was hit with an EU veto on Thursday on concerns... | January 13, 2022

The East Coast is experiencing colder weather and forecasters predict it is here to stay, sending natural gas prices higher

The European Union has rejected the merger between South Korean shipbuilders Hyundai and Daewoo

Merger would have led to fewer suppliers, higher prices for large vessels transporting LNG, official says.

Regulators said the deal would have given the combined company a stranglehold on liquified natural gas carriers.

Regulators said the deal would have given the combined company a stranglehold on liquified natural gas carriers.

The EU antitrust authority will block the merger of South Korean ship-making giants Daewoo and Hyundai over concerns that the deal may restrict the supply of cargo vessels, sources said Tuesday. The veto of the tie up comes two years after Brussels stopped India’s Tata Steel and Germany’s Thyssenkrupp from merging, and three years after ...

The European Union has rejected the merger between South Korean shipbuilders Hyundai and Daewoo