BRUSSELS/SEOUL (Financial Times) -- EU competition officials are preparing to block a $2 billion merger between two of the world's biggest shipbuilders in South Korea, the first time since 2019 that Brussels has decided to veto a corporate tie-up.
Officials told the Financial Times that a proposed merger between Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries would be stopped as anti-competitive. The decision is likely to be announced this week, said three people familiar with the matter.
