Mergers & Acquisitions Mergers & Acquisitions

Hyundai Heavy proposes sharing LNG tanker technology to win EU nod for Daewoo deal

By Natalie McNelis and Wooyoung Lee
  • 08 Mar 2021 08:11
  • 08 Mar 2021 08:11

Hyundai Heavy Industries is proposing to share LNG shipbuilding design and technology with rivals to ease EU regulators’ concerns about its takeover of rival Daewoo Shipbuilding & Marine Engineering, MLex has learned.

< South Korean engineering giants HHI and DSME are the world's two largest makers of liquefied-natural-gas tankers, with a combined market<

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Natalie McNelis

Senior Correspondent


Natalie McNelis covers mergers for MLex in Brussels. Before joining MLex in 2017, she spent 20 years as an international trade and competition lawyer in law firms including Stibbe and WilmerHale. Natalie has a BA in English from Mount Holyoke College, a JD from Harvard Law School and an LLM in EU law from KU Leuven. She is admitted to the bar in New York.

Wooyoung Lee

Correspondent, Seoul


Wooyoung Lee is a correspondent based in MLex’s Seoul office, South Korea, covering antitrust, privacy and data security, mergers and acquisitions and financial services. Wooyoung has more than a decade of experience in journalism, public policy and research. She has worked and written for news outlets including The Korea Herald, Al Jazeera International, Bloomberg BNA, Monocle, among others.

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