Hyundai Heavy Industries Acquires 100% Stake in Hyundai Engine for 29 Billion KRW
[Asia Economy Reporter Minwoo Lee] Hyundai Heavy Industries announced on the 6th that it has decided to acquire 100% (202,000 shares) of its affiliate Hyundai Engine's shares from Korea Shipbuilding & Offshore Engineering for 29 billion KRW through an over-the-counter transaction. The company explained, "This is a share acquisition of a gas engine manufacturing company to respond to the increasing demand for eco-friendly engines."
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