Independent journal on economy and transport policy
08:39 GMT+2
Creditors agree on $266 mn aid for STX Offshore & Shipbuilding
(Maeil Business Newspaper)
June 3, 2013
Creditors have reached a de facto agreement to provide 300 billion won ($266 million) for the ailing STX Offshore & Shipbuilding.
The creditor group tentatively decided in the second round of working-level meeting on Thursday that the Korea Development Bank (KDB), a major creditor bank, injects 300 billion won into the troubled company and thereafter creditors share the burden in proportion to their stakes, according to industry sources Friday...... Read more on Maeil Business Newspaper
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher