1.   

On 12 November 2019, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—	Hyundai Heavy Industries Co., Ltd. (‘HHI’) (Korea),

—	Daewoo Shipbuilding & Marine Engineering Co., Ltd. (‘DSME’) (Korea), controlled by the Korea Development Bank (‘KDB’).

HHI acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of DSME.

The concentration is accomplished by way of purchase of shares.

2.   

The business activities of the undertakings concerned are:

—	for HHI: a Korean company mainly active in the construction of commercial vessels, including oil tankers, containerships, liquefied natural gas (‘LNG’) carriers and liquefied petroleum gas (‘LPG’) carriers, military vessels, and offshore facilities and the production of marine engines,

—	for DSME: a Korean company mainly active in the construction of commercial vessels including oil tankers, containerships, liquefied natural gas (‘LNG’) carriers and liquefied petroleum gas (‘LPG’) carriers and offshore facilities.

3.   

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

4.   

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.9343 — Hyundai Heavy Industries/Daewoo Shipbuilding & Marine Engineering.

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË