Posco, two others vying to acquire Daewoo Shipbuilding

the race for the takeover of daewoo shipbuilding &﹔ marine engineering co., the world＇s third﹣largest shipbuilder, is poised to heat up with at least three firms showing keen interest, an industry source revealed. state﹣run korea development bank ａnd korea asset management corp. plan to invite bids for the sale of a combined 50.4﹣percent stake in the shipyard on friday, valued at least 6 trillion won (us$5.73 billion).
leading steelmaker posco, gs group ａnd hanhwa group (kse:000880) have shown interest in acquiring daewoo shipbuilding ａnd state﹣run national pension service said it was planning to spend up to 1.5 trillion won to make a joint bid for the stake in the shipbuilder.
so far this year, daewoo has won $10.9 billion worth of orders to build ships ａnd offshore facilities