South Korean firm to acquire US shipbuilder

Philly Shipyard

Philly Shipyard has entered into a share purchase agreement with South Korean companies Hanwha Systems and Hanwha Ocean for the purchase of Philly Shipyard, the sole operating subsidiary of PHLY. The transaction will result in the company selling all of its business against receiving a cash...

https://www.bairdmaritime.com/work-boat-world/research-environment-training/south-korean-firm-to-acquire-us-shipbuilder/

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