BRUSSELS – On a surface level, it was an obvious acquisition. Almost a match made in heaven.
When South Korean shipbuilders Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) initiated plans to merge, it was two of the world's leading yards measured on transport of liquefied natural gas (LNG) that sought to combine forces. They had the technology, the experience, apparently a strong urge, and a shared market to conquer.
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