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EU rejects merger of yard majors DSME and HHI

Following several years of investigation, the EU's competition authority rejects the proposed merger between South Korean shipbuilders DSME and HHI. The decision is a rejection of a move that would "combine two of the leading global shipbuilders," says Margrethe Vestager.

EU Executive VP and Commissioner for Competition Margrethe Vestager. | Photo: Yves Herman/Reuters/Ritzau Scanpix

BRUSSELS

Permitting two of the world's largest shipbuilders to merge contains too big a risk for competition.

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