South Korean merger stranded on European fear of expensive tankers
The acquisition of shipbuilder DSME looked like the near-perfect extension of HHI, which, ultimately, became the nail in the coffin for the year-long competition case. In Brussels, prominent people expect the decision to hold up in court – however, the question is whether shareholders are already looking for new buyers.
BRUSSELS – On a surface level, it was an obvious acquisition. Almost a match made in heaven.
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