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Daewoo Shipbuilding makes deal with conglomerate on conditional sale

Shipbuilding group DSME has signed a memorandum of understanding with conglomerate Hanwha Group about a sale of Korea Development Bank’s 50-percent equity position, according to a news agency. The state-owned bank has previously stated that the yard ought to be sold quickly. Updated.

Photo: Daewoo Shipbuilding & Marine Engineering/Yonhap

Ownership of one of the world’s largest shipyards, South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME), could be changing hands.

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