Daewoo Shipbuilding & Marine Engineering is waiting to hear how lead shareholder Korea Development Bank (KDB) responds to the European Union veto of a planned merger with Hyundai Heavy Industries Holdings (HHIH).
According to local press reports on Friday, South Korea's Fair Trade Commission (FTC) said it will end its review of the merger after Korea Shipbuilding & Offshore Engineering (KSOE) formally abandoned its takeover bid.
