Singapore’s competition authority has given its approval for the planned merger of South Korean shipbuilding giants Korea Shipbuilding & Marine Engineering Co (KSOE) and DSME.
The Competition and Consumer Commission of Singapore (CCCS) said the proposed transaction between KSOE, which comprises subsidiaries Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries, and DSME will not infringe its Competition Act.
