KDB confirms Daewoo sale talks with Hyundai

Bank also plans to approach Samsung over potential sale of majority stake in Korean yard

In talks: Korea Development Bank has signed a MoU which could see it sell its majority stake in Daewoo to Hyundai — In talks: Korea Development Bank has signed a MoU which could see it sell its majority stake in Daewoo to HyundaiPhoto: AP/SCANPIX

Josh Lewis

Published 1 February 2019, 04:01Updated 1 February 2019, 04:46

Asia & Oceania Rigs & Vessels KDB Daewoo Shipbuilding & Marine Engineering Hyundai Heavy Industries