Independent journal on economy and transport policy
08:06 GMT+2
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STX Offshore & Shipbuilding looks for an agreement with the creditors
the navalmeccanico group has closed exercise 2012 with a net loss of 782 billion won
April 3, 2013
The South Korean navalmeccanica society STX Offshore & Shipbuilding Co. it has yesterday confirmed to have subordinate to own creditors, firstly the Korea Development Bank, a new one slowly of I re-enter of own debt exposure that, if accepted, will be followed by the performance of a plan of restructure of the group that will include also the cession of assets. Altogether the debt exposure of the Asian navalmeccanico group on 31 December piled to 12.200 billion won (10,8 billion dollars).
STX Offshore & Shipbuilding has archived item the exercise 2012 with a net loss of 782 billion won respect to a profit of clearly 169 billion won in the exercise anniversary precedence.
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