China approves Hyundai Heavy’s merger with DSME

China’s anti-trust authority has given the greenlight to the merger between two major South Korean shipbuilders Hyundai Heavy Industries Holdings (HHI) and Daewoo Shipbuilding and Marine Engineering (DSME). China’s State Administration for Market Regulation has reached a consensus that the potential merger will not hurt fair market competition and issued unconditional approval for the merger. It …

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