DSME receives corporate bond declaration
Daewoo Shipbuilding & Marine Engineering is receiving corporate bond declaration in order to pay interests. As interest rates and interest payment dates have changed as a result of the bondholders' meeting held on April 17 and 18, the comp...
Hanjin to acquire shares in Subic yard
Hanjin Heavy Industries & Construction announced on June 21 that the Korean shipbuilder has decided to take over shares worth around KRW 56.9bn (approximately $49.9m) in its Subic shipyard in the Philippines (HHIC-Phil). The amount i...
HMD to resolve circular investment structure
Hyundai Mipo Dockyard's disposal of shares in Hyundai Robotics' stake is expected to improve its financial structure and resolve its circular investment structure. The Korean shipbuilder announced through a regulatory filing on June 21 that it...
Hyundai Mipo sells shares in Hyundai Robotics
Hyundai Mipo Dockyard announced through a regulatory filing on June 21 that the Korean shipbuilder has decided to sell its 960,540 shares in Hyundai Robotics through a block deal. The shares are worth approximately KRW 375.6bn (around $3...
POSCO sells all shares in HHI
Korea's leading steel maker POSCO has recently sold all of its stakes in Hyundai Heavy Industries. The multinational steel-making company launched the book-building process for the sale of its 1.101247 shares in Hyundai (1.94% of the Kor...
HHIC sells block factory
Hanjin Heavy Industries & Construction completed the disposal of its idle Dadaepo plant site as a part of its self-rescue plan. The Korean shipbuilder held a board meeting on June 16 and decided an issue of selling its Dadaepo plant ...
Samkang-UAMCO buys Goseong O&S
A consortium comprising Korean distressed asset investor UAMCO and shipbuilding newcomer Samkang M&T signed the M & A deal after being named the preferred bidder to take over STX O&S subsidiary Goseong O&S. According to industr...
Private equity funds eyes STX O&S
Two Korean private equity funds (PEF) have taken steps to acquire STX Offshore & Shipbuilding, which is under court management. According to the investment industry, two consortiums composed of the PEF and so on, submitted letters of inten...
Yamal LNG raises financing from Europe
OAO Yamal LNG (“Yamal LNG”) has recently announced the signing of agreements with several European banks, inter alia Raiffeisen Bank International AG and Intesa Sanpaolo on 14-year credit line facilities for the total amount up to EUR 425 mil...
Sevan Marine sells shares in KANFA AS
With reference to Sevan Marine’s fourth quarter report issued 21 February 2017, Sevan Marine informed that the company had received a formal notification of Technip Norge’s intention to exercise their option to buy Sevan Marine’s remaining ...
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