The chairman of POSCO Co., South Korea's largest steelmaker, indicated Saturday that his company would probably form a consortium to buy a controlling stake in the Daewoo Shipbuilding & Marine Engineering Co. , the world's third-largest shipbuilder.
Creditors, led by the state-run Korea Development Bank, plan to select a preferred bidder to sell their 50.4 per cent stake in Daewoo Shipbuilding as early as August. The deal, if successful, may be valued at as much as 8 trillion won (US$7.7 billion), according to local media reports.
Creditors, led by the state-run Korea Development Bank, plan to select a preferred bidder to sell their 50.4 per cent stake in Daewoo Shipbuilding as early as August. The deal, if successful, may be valued at as much as 8 trillion won (US$7.7 billion), according to local media reports.