Hanwha strikes $100m deal for Philly Shipyard

South Korean conglomerate Hanwha has sealed a deal to take over Aker-controlled US shipbuilder Philly Shipyard. Oslo-listed yard said it is selling the business to defence specialist Hanwha Systems and shipbuilder Hanwha Ocean for $100m in cash. The deal is expected to close in the fourth quarter of this year, and the closing price could …

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