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Hyundai Heavy tries to reassure Singaporean authorities about merger

South Korean shipbuilder Hyundai Heavy is trying to calm concerns at Singapore's competition authorities over its merger with a competitor, a spokesperson tells Reuters.

Photo: Christian Charisius/Reuters/Ritzau Scanpix

South Korean shipyard Hyundai Heavy Industries is trying to reassure Singapore's competition authorities about the shipbuilder's planned merger with competitor Daewoo Shipbuilding and Marine Engineering (DSME), a spokesperson from Hyundai Heavy Industries tells Reuters.

Earlier this week, it emerged that Singapore's competition authority is questioning the two shipbuilders' merger plans.

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