EU regulators set to block shipbuilder Hyundai's Daewoo bid, sources say

HD Hyundai

10/12/2021 17:05

BRUSSELS, Dec 10 (Reuters) - EU antitrust regulators are set
to block South Korean shipbuilder Hyundai Heavy Industries'
 267250.KS  bid for rival Daewoo  042660.KS  after the companies
declined to offer remedies to allay competition concerns, people
familiar with the matter said.
    Hyundai, one of the largest shipbuilders in the world, said
it expected unconditional European Commission clearance for the
deal announced in 2019 in part due to overcapacity in the
sector. 

 (Reporting by Foo Yun Chee, Editing by Louise Heavens)
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