Home » Business » Hanwha-Daewoo Shipbuilding Combination Receives EU Approval with Only the ‘Fair Committee’ Remaining.

Hanwha-Daewoo Shipbuilding Combination Receives EU Approval with Only the ‘Fair Committee’ Remaining.

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Photo = Daewoo Shipbuilding & Marine Engineering

[인포스탁데일리=박상철 기자] It is known that the EU (European Union) has approved a business combination related to the merger and acquisition of Hanwha Group and Daewoo Shipbuilding & Marine Engineering.

It is evaluated that it has crossed the 9th division line with only the judgment of the Korea Fair Trade Commission left.

According to a media outlet on the 3rd, the EU Commission approved the business combination between Hanwha and Daewoo Shipbuilding & Marine Engineering on the 31st of last month.

Initially, it was reported that the EU Commission would announce the results of the review on the 18th, but the approval came earlier than planned.

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Hanwha Aerospace

The market is analyzing whether the M&A between Hanwha Group and Daewoo Shipbuilding & Marine Engineering did not have much impact on the European logistics and shipbuilding industry, so it was not approved quickly.

As a result, the review of the business combination between Hanwha and Daewoo Shipbuilding & Marine Engineering was approved in 7 out of 8 countries, and only Korea remains.

The FTC also believes that it will approve the business combination between Hanwha and Daewoo Shipbuilding.

Choi Yang-oh, head of the ISD Corporate Policy Institute, said, “Daewoo Shipbuilding & Marine Engineering is strong in warships and LNG, and synergies will be created in the defense and energy sectors, which are Hanwha’s main industries.”

Reporter Park Sang-cheol 3fe94@infostock.co.kr

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