
The European Commission is worried that a merger between the two South Korean shipyards Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) will restrict competition within shipbuilding to the detriment of European shipping companies and consumers.
Therefore, the EU Commission launches a thorough investigation into the merger between Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME), informs the commission in a press release.
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