Hanwha Group signed a conditional memorandum of understanding to acquire a 49.3 percent stake and managerial control of Daewoo Shipbuilding & Marine Engineering Co. (DSME)
The acquisition of DSME, the world’s fourth-largest shipbuilder, boosts Hanwha’s key defense and green energy sectors.
Hanwha Aerospace Co., Hanwha Systems Co., and four other Hanwha affiliates will take part in the 2 trillion won rights offering to acquire the DSME shares.
Hanwha is South Korea’s seventh-largest conglomerate.
The Korea Development Bank (KDB), DSME’s main creditor, will hold a 28.2 percent stake in the shipyard, down from the current 55.7 percent.
Past sales attempts by KDB fell through, including Hanwha’s first bid in 2008 to buy DSME for 6.32 trillion won in the wake of the global financial crisis.


Franklin Templeton Partners With Bybit for Tokenized Fund Collateral
Samsung Invests $1 Billion in KKR’s Helix AI Infrastructure
Bitget Restores Withdrawals After $388 Million Security Breach
Hengrui Shares Rise on $2.6 Billion Novo Nordisk Obesity Drug Deal
Strategy Buys 1,665 Bitcoin as BTC Holdings Reach 847,666
Nissan Targets US Hybrid Growth With Rogue e-Power Launch
Oil Prices Rise as Iran Holds Firm on Strait of Hormuz Deal
U.S. Stock Futures Fall as Iran, Oil and AI Risks Rattle Markets
Pepco Raises FY26 Earnings Outlook, Unveils €400 Million Buyback
Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise
Binance Expands MarsCoin With Tokenized SpaceX Share Rewards
Europe’s AI Data Centre Boom Strengthens Case for Nuclear Power
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge
Stellar Hits Record 217 TPS as Institutional RWA Activity Surges
Asian Stocks Fall as Bond Yields and Oil Prices Surge
Citigroup Expands Coinbase Partnership for Stablecoin Payments
UK Housebuilder Stocks Surge on New First-Time Buyer Loan Scheme 



