Shipbuilder Daewoo's majority shareholder conditionally approves sale
![Photo: /ritzau/AP/Kim Dong-min](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article10090651.ece/ALTERNATES/schema-16_9/daewoo.jpg)
The main shareholder of Daewoo Shipbuilding and Marine Engineering, DSME, state-owned Korea Development Bank, (KDB) has signed a memorandum of understanding to divest of its Daewoo shares to the world's largest shipyard, Hyundai Heavy Industries Group, said the bank Wednesday according to Reuters.
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