GS Group Shows Interest in Acquiring Daewoo Shipbuilding

Monday, June 30, 2008

A number of companies have been showing interest in the sale of Daewoo Shipbuilding & Marine Engineering (DSME.)  GS Group has expressed interest to acquire the shipbuilder.
According to reports, the group believes it has an advantage over other conglomerates such as POSCO and Doosan.
On the contrary, GS believes its acquisition of the shipbuilder will increase synergy with businesses it holds interest in ― energy, engineering and construction.
Since 2005, the group put GS Holdings at the forefront to set up a team of mergers and acquisitions (M&A) specialists led by its CEO Suh Kyung-suk for the acquisition of DSME.
Source:  Times

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