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Foreign buyer eyeing South Korean shipbuilder

South Korea's fourth-largest shipbuilder, STX Offshore & Shipbuilding, could be sold to a foreign buyer within the foreseeable future. A spokesperson tells the Wall Street Journal that the company has shown interest in the yard group, which also includes a company in France.

Photo: PRESSEFOTO STX

South Korea's fourth-largest yard group, STX Offshore & Shipbuilding, may soon have a new owner.

The crisis-stricken shipbuilder has been under receivership since May, while senior management has worked on a rescue plan which will be ready next week. But a sale could now be in the works.

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