EU clears Nordic shipping JV's buy of Hyundai unit

Newswire

BRUSSELS, Nov 29 (Reuters) - Scandinavian shipping companies Wallenius Lines AB and Wilhelmsen ASA can buy a car shipping unit from South Korea's Hyundai Merchant Marine , the European Commission said on Friday. The Commission said it approved the deal once Wallenius and Wilhelmsen offered to withdraw from a shipping conference, ending a threat to competition. The deal, which a Wilhelmsen executive has said is the largest ever foreign acquisition of a Korean operation, will net Hyundai ...

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