Korea Shipbuilding & Offshore Engineering Receives EU Commission's Notification of Merger Prohibition with Daewoo Shipbuilding & Marine Engineering
[Asia Economy Reporter Minwoo Lee] Hyundai Heavy Industries Holdings announced on the 14th that the European Union (EU) Commission announced on the 13th (local time) that it has decided to prohibit the merger review of Daewoo Shipbuilding & Marine Engineering.
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The company explained, "Regarding future handling plans, including whether to cancel related contracts such as capital contribution in kind and investment agreements, the plan will be disclosed at a later date when it is decided."
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