Independent journal on economy and transport policy
13:49 GMT+1
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To March the agreement of fusion between navalmeccanici groups South Korean HHI and DSME
Samsung Heavy Industries has declined the offer to acquire the quota Daewoo Shipbuilding stopped from KDB
February 12, 2019
Korea Development Bank (KDB) has confirmed today the next subscription of the agreement with which the South Korean navalmeccanico group Hyundai Heavy Industries (HHI) it will acquire 55.7% of the capital of the compatriot Daewoo Shipbuilding & Marine Engineering Co. (DSME) prisoner from the financial institution public South Korean, transaction for which in recent days HHI had signed a preliminary understanding(on 31 January 2019). KDB has specified that the shipbuilding company Samsung Heavy Industries, which the financial institution has asked the interest to find such quota, has declined the offer.
The formal agreement for the passage of property of the quota, whose value is estimated of beyond two thousand billions of won (1,8 billion dollars), will be signed the next month and will presee the acquisition by the KDB of actions of new issue of the HHI for a total value of 1.500 billion won. Moreover the understanding, than is previewed will come capacity to term within the next summer, will establish that Hyundai Heavy Industries is subdivided in two entity, of which quoting in Stock exchange, with the creation of a holding ones participated to 28% about from Hyundai Heavy Industries Holdings Co., group leader of the HHI, and to 18% about from the KDB to which the carried out navalmeccaniche activities from DSME, HHI and its branches Hyundai Samho Heavy Industries (HSHI) and Hyundai Mipo Dockyard (HMD will be under responsibility).
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Korea Development Bank (KDB) has confirmed today the next subscription of the agreement with which the South Korean navalmeccanico group Hyundai Heavy Industries (HHI) it will acquire 55.7% of the capital of the compatriot Daewoo Shipbuilding & Marine Engineering Co. (DSME) prisoner from the financial institution public South Korean, transaction for which in recent days HHI had signed a preliminary understanding
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
