Independent journal on economy and transport policy
03:34 GMT+1
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STX Corporation tries to yield own quota STX Pan Ocean to the Korea Develpment Bank
Failed the attempt to sell the participation through a public offer
April 9, 2013
Yesterday the South Korean shipowning company STX Pan Ocean Co. it has confirmed that STX Corporation, than from 2004 is the main shareholder of the company of which stops 36% of the capital stock, has the intention of yield own quota and has asked to a bottom of private equities of Korea Develpment Bank (KDB), that he is the main creditor of the company and that in its turn stops 14% of STX Pan Ocean, to examine the possibility to acquire the share quota. To such fine the bottom has named a advisor and has started a preliminary appraisal of the acquisition.
Objective of STX Corporation is to reduce the indebtedness with the proceeds deriving from the cession of the quota previewed pairs to 2.500 billion won (2,2 billion dollars). The precedence attempt of STX Corporation to sell the quota through a public offer has not had outcome not having had received some manifestation of interest within the end last month.
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Yesterday the South Korean shipowning company STX Pan Ocean Co. it has confirmed that STX Corporation, than from 2004 is the main shareholder of the company of which stops 36% of the capital stock, has the intention of yield own quota and has asked to a bottom of private equities of Korea Develpment Bank (KDB), that he is the main creditor of the company and that in its turn stops 14% of STX Pan Ocean, to examine the possibility to acquire the share quota. To such fine the bottom has named a advisor and has started a preliminary appraisal of the acquisition.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
