South Korea to combine world's two biggest shipbuilders in $2 billion deal

Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.

from Reuters: Business News https://reut.rs/2SikUh5