Daewoo Sale Rumored to be Canceled

Wednesday, January 21, 2009

According to a Jan. 21 Bloomberg story, an anonymous source reported that Daewoo Shipbuilding & Marine Engineering Co.’s $4.6b sale to Hanwha Group was scrapped by Korea Development Bank. The reporting individual declined to be identified because the information is confidential, but is scheduled to be announced publicly on Jan. 22.

(Source: Bloomberg)

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