Marine Link
Sunday, December 16, 2018

HHI Subsidiary to Shed POSCO Stake

Maritime Activity Reports, Inc.

November 18, 2014

Hyundai Mipo Dockyard Co Ltd said on Tuesday it had decided to sell a stake worth 286 billion Korean won ($260.46 million) in steelmaker POSCO , in a bid to improve its balance sheet.

Hyundai Mipo, a shipbuilding affiliate of world's largest shipbuilder, Hyundai Heavy Industries, specializing in smaller vessels, said in a regulatory filing the sale would take place before the market opens on November 19.


Reporting by Joyce Lee

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