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CADE reviewing Hyundai Heavy Industries, BMC Partners Participações share swap agreement

( May 9, 2014, 12:07 GMT | Official Statement) -- MLex Summary: Brazil’s antitrust authority CADE is reviewing a share swap agreement between shipbuilding company Hyundai Heavy Industries and BMC Hyundai, a subsidiary of BMC Partners Participações. Hyundai Heavy Industries will obtain a 30 percent stake in BMC Hyundai. BMC will obtain a 3.71 percent stake in Hyundai Heavy Industries Brasil Empreendimentos Imobiliarios and a 3.71 percent stake in Hyundai Heavy Industries Brasil Industria e Comercio Equipamento de Construçao.   ...

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