Hanwha to acquire a 9.9% stake in Austal for AUD1bn.

Synopsis

Hanwha, a large business conglomerate in South Korea, agreed to acquire a 9.9% stake in Austal, an Australian-based global ship building company, for AUD1bn.

Principals

target

AUSTAL

bidder

Hanwha Group

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Market Context

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Seller Team (2)

patrick gregg

CEO at AUSTAL

Manager

target

Deals

£ 499 M

Total Value

christian johnstone

CFO at AUSTAL

Manager

target

Deal

£ 499 M

Total Value

Bidder Team (1)

kim dong-kwan dong-kwan

CEO at HANWHA GROUP

Manager

bidder

Deals

£ 538 M

Total Value

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