Mergers & Acquisitions Mergers & Acquisitions

Comment: EU veto for Hyundai-Daewoo shipbuilding deal is no surprise

Today’s EU block on South Korea's Hyundai Heavy Industries buying its local rival Daewoo Shipbuilding & Marine Engineering should come as no surprise, even if it is the European Commission's first veto since 2019. 

Substantively, the case was a tough sell from the start: two heavyweights in a highly concentrated market characterized by

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