Three investment teams are confirmed to have tabled bids to acquire South Korea’s Hanjin Heavy Industries and Construction (HHIC), one of country’s most prominent naval shipbuilders.

HHIC’s main creditor and largest shareholder, the state-owned Korea Development Bank (KDB), said on 14 December that two of the three teams are led by local banks, with one by a shipping corporation. The names of the three partnerships are Dongbu Construction, Keithton Partners, and SM Merchant Marine.

Three South Korean investment teams have lined up bids to acquire naval shipbuilder HHIC, constructor of the Republic of Korea Navy’s PKX-B-class fast attack craft. (HHIC)

The KDB is expected to conclude the sale in early 2021 following approvals from authorities including the Defense Acquisition Program Administration (DAPA), which is responsible for defence-industrial policies.

The three investors are bidding to acquire all or part of KDB’s 83.45% stake in HHIC. The stake in its entirety will reportedly be worth up to KRW600 billion (USD550 million).

The KDB said in September that its HHIC shareholding is split across several financial institutions including the KDB itself. Institutions in the Philippines are also shareholders in the shipbuilder.

Three investment teams are confirmed to have tabled bids to acquire South Korea’s Hanjin Heavy Industries and Construction (HHIC), one of country’s most prominent naval shipbuilders.

HHIC’s main creditor and largest shareholder, the state-owned Korea Development Bank (KDB), said on 14 December that two of the three teams are led by local banks, with one by a shipping corporation. The names of the three partnerships are Dongbu Construction, Keithton Partners, and SM Merchant Marine.

Three South Korean investment teams have lined up bids to acquire naval shipbuilder HHIC, constructor of the Republic of Korea Navy’s PKX-B-class fast attack craft. (HHIC)

The KDB is expected to conclude the sale in early 2021 following approvals from authorities including the Defense Acquisition Program Administration (DAPA), which is responsible for defence-industrial policies.

The three investors are bidding to acquire all or part of KDB’s 83.45% stake in HHIC. The stake in its entirety will reportedly be worth up to KRW600 billion (USD550 million).

The KDB said in September that its HHIC shareholding is split across several financial institutions including the KDB itself. Institutions in the Philippines are also shareholders in the shipbuilder.

Three investment teams are confirmed to have tabled bids to acquire South Korea’s Hanjin Heavy Industries and Construction (HHIC), one of country’s most prominent naval shipbuilders.

HHIC’s main creditor and largest shareholder, the state-owned Korea Development Bank (KDB), said on 14 December that two of the three teams are led by local banks, with one by a shipping corporation. The names of the three partnerships are Dongbu Construction, Keithton Partners, and SM Merchant Marine.

Three South Korean investment teams have lined up bids to acquire naval shipbuilder HHIC, constructor of the Republic of Korea Navy’s PKX-B-class fast attack craft. (HHIC)

The KDB is expected to conclude the sale in early 2021 following approvals from authorities including the Defense Acquisition Program Administration (DAPA), which is responsible for defence-industrial policies.

The three investors are bidding to acquire all or part of KDB’s 83.45% stake in HHIC. The stake in its entirety will reportedly be worth up to KRW600 billion (USD550 million).

The KDB said in September that its HHIC shareholding is split across several financial institutions including the KDB itself. Institutions in the Philippines are also shareholders in the shipbuilder.

Three investment teams are confirmed to have tabled bids to acquire South Korea’s Hanjin Heavy Industries and Construction (HHIC), one of country’s most prominent naval shipbuilders.

HHIC’s main creditor and largest shareholder, the state-owned Korea Development Bank (KDB), said on 14 December that two of the three teams are led by local banks, with one by a shipping corporation. The names of the three partnerships are Dongbu Construction, Keithton Partners, and SM Merchant Marine.

Three South Korean investment teams have lined up bids to acquire naval shipbuilder HHIC, constructor of the Republic of Korea Navy’s PKX-B-class fast attack craft. (HHIC)

The KDB is expected to conclude the sale in early 2021 following approvals from authorities including the Defense Acquisition Program Administration (DAPA), which is responsible for defence-industrial policies.

The three investors are bidding to acquire all or part of KDB’s 83.45% stake in HHIC. The stake in its entirety will reportedly be worth up to KRW600 billion (USD550 million).

The KDB said in September that its HHIC shareholding is split across several financial institutions including the KDB itself. Institutions in the Philippines are also shareholders in the shipbuilder.

Three investment teams are confirmed to have tabled bids to acquire South Korea’s Hanjin Heavy Industries and Construction (HHIC), one of country’s most prominent naval shipbuilders.

HHIC’s main creditor and largest shareholder, the state-owned Korea Development Bank (KDB), said on 14 December that two of the three teams are led by local banks, with one by a shipping corporation. The names of the three partnerships are Dongbu Construction, Keithton Partners, and SM Merchant Marine.

Three South Korean investment teams have lined up bids to acquire naval shipbuilder HHIC, constructor of the Republic of Korea Navy’s PKX-B-class fast attack craft. (HHIC)

The KDB is expected to conclude the sale in early 2021 following approvals from authorities including the Defense Acquisition Program Administration (DAPA), which is responsible for defence-industrial policies.

The three investors are bidding to acquire all or part of KDB’s 83.45% stake in HHIC. The stake in its entirety will reportedly be worth up to KRW600 billion (USD550 million).

The KDB said in September that its HHIC shareholding is split across several financial institutions including the KDB itself. Institutions in the Philippines are also shareholders in the shipbuilder.

Three investment teams are confirmed to have tabled bids to acquire South Korea’s Hanjin Heavy Industries and Construction (HHIC), one of country’s most prominent naval shipbuilders.

HHIC’s main creditor and largest shareholder, the state-owned Korea Development Bank (KDB), said on 14 December that two of the three teams are led by local banks, with one by a shipping corporation. The names of the three partnerships are Dongbu Construction, Keithton Partners, and SM Merchant Marine.

Three South Korean investment teams have lined up bids to acquire naval shipbuilder HHIC, constructor of the Republic of Korea Navy’s PKX-B-class fast attack craft. (HHIC)

The KDB is expected to conclude the sale in early 2021 following approvals from authorities including the Defense Acquisition Program Administration (DAPA), which is responsible for defence-industrial policies.

The three investors are bidding to acquire all or part of KDB’s 83.45% stake in HHIC. The stake in its entirety will reportedly be worth up to KRW600 billion (USD550 million).

The KDB said in September that its HHIC shareholding is split across several financial institutions including the KDB itself. Institutions in the Philippines are also shareholders in the shipbuilder.