 |
| STX Europe Website |
Written by Kari Reinikainen
STX Business Group, the troubled South Korean conglomerate, plans to sell its controlling stake in STX Shipbuilding & Offshore and sell its shares in the yards in France and Finland, Korea Times reports.
STX chairman Kang Duk-soo has decided to offload all of its overseas assets to address cash flow problems. Also, he decided to hand over his controlling stakes in STX Offshore & Shipbuilding, a key affiliate of the group, the paper reports on its website.
Continue Kari Reinkainen's article at: cruisebusiness.com
