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SAMUDRA NIDHI Owner, Manager, Shipyard
EU antitrust regulators have halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries' $1.8 billion merger with Daewoo while waiting for the companies to provide information.The European Commission said it stopped the clock on Wednesday."Once the missing information is supplied by the parties, the clock is re-started and the deadline for the Commission's decision is adjusted accordingly," the EU competition enforcer said in an emailed statement.In some cases, virus-hit companies have delayed responding to requests for information, a factor now taken into account by the EU watchdog.