Hyundai Heavy Buys Stake in Brazilian Yard

Thursday, February 04, 2010

According to a Feb. 4 report from JoonAng Daily, Hyundai Heavy Industries has signed a deal to acquire a 10 percent stake in the Brazilian shipbuilder OSX Estaleiros in order to secure more ship orders and insulate itself against the country’s rising buy-Brazilian agenda, Hyundai said.

(Source: JoongAng Daily)

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