Sale Eyed for Daewoo Shipbuilding

Thursday, December 22, 2005
According to Reuters, South Korea aims to sell a controlling stake in Daewoo Shipbuilding and Marine Engineering, currently valued at 2.5 trillion won ($2.5 billion), in the second half of 2006, a lead creditor said on Wednesday. State-run Korea Development Bank (KDB) and government restructuring agency KAMCO own a combined 50.6 percent stake in the world's second-biggest shipbuilder. The market has been awaiting news of the sale process, along with developments on upcoming deals to sell controlling stakes in Korea Exchange Bank and LG Card Co. Ltd. KDB was also in the process of selecting a legal adviser and an accounting firm to begin the sale process of top local credit card issuer LG Card, Kim said. KDB, which is managing the sale on behalf of other creditors, has recently named JP Morgan as a lead manager for the deal. Shares in Daewoo Shipbuilding gained 2.01 percent to close at 25,400 won, while LG Card dipped 0.51 percent to 48,900 won. The broader index ended up 0.98 percent.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

China Shipbuilder Rongsheng 2013 Revenue Freefall

During the year ended 31, December 2013 China Rongsheng, the largest non-state-owned shipbuilder in the PRC, reports that revenue of the Company was RmB1,343.6 million, a decrease of 83.

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

 
 
Maritime Contracts Maritime Security Maritime Standards Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0983 sec (10 req/sec)