Singapore approves divestment of South Korean shipyard

The divestment of shipyard group DSME to a private conglomerate is now one step closer to be executed after approval from Singapore’s competition authority.
Photo: Handout/reuters/ritzau Scanpix
Photo: Handout/reuters/ritzau Scanpix

The privatization of major South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) has received yet another approval and is thus one step closer to fruition.

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