State-owned KDB chose Hanwha over rival bidder Hyundai Heavy Industries in the contest for a 50.4% holding in the worldÆs third-largest shipbuilder, apparently because it believes Hanwha should be able to raise the necessary funding. The final price hasn't been disclosed, but according to analysts, Hanwha will pay W6.5 trillion $4.9 billion for the stake.
Hanwha, a conglomerate or chaebol rooted in explosives maker Hanwha Corp with interests that...
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