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The Korea Growth Financial institution (KDB) has introduced that Hanwha Group formally acquired Daewoo Shipbuilding & Marine Engineering (DSME) in a deal price KRW2trn ($1.5bn) .Hanwha Group now owns a 49.3% controlling stake within the big shipbuilder.
“A number of structural adjustments to DSME’s funds will probably be made by way of this acquisition, laying the groundwork for the normalization of the corporate’s operations,” KDB said.
The merger nonetheless must be accepted by South Korea’s Truthful Commerce Fee and related our bodies around the globe.
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