Brussels — EU antitrust regulators are set to block South Korean shipbuilder Hyundai Heavy Industries’ bid for rival Daewoo 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.
- Reuters (Reporting by Foo Yun Chee, Editing by Louise Heavens)
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