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HD Korea Shipbuilding-STX Heavy Industries deal cleared, with conditions, by South Korean regulator

By Jenny Lee ( July 15, 2024, 07:02 GMT | Insight) -- HD Korea Shipbuilding & Offshore Engineering, a South Korean shipbuilding giant, has received conditional approval from the country’s competition regulator to acquire a 35.05 percent stake in STX Heavy Industries. The Korea Fair Trade Commission announced the decision in a statement today, after determining that the merger could potentially restrict competition in the domestic ship engine market.South Korea's shipbuilding giant HD Korea Shipbuilding & Offshore Engineering, or KSOE, has received conditional approval from the country's competition regulator to acquire a 35.05 percent stake in STX Heavy Industries....

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