Singapore’s competition authorities will run the rule over Hanwha Group’s proposed deal to acquire shipbuilder Daewoo Shipbuilding & Marine Engineering.
Hanwha applied to the Competition & Consumer Commission of Singapore (CCCS) for a decision on whether the deal would infringe competition rules.
Section 54 of Singapore’s Competition Act 2004 prohibits mergers that have resulted, or may be expected to result, in a substantial lessening of competition within any market in Singapore.
