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Maroc Maroc - SHIPPINGHERALD.COM - A La Une - 21/Jun 07:17

Hanwha to acquire Philly Shipyard

Philly Shipyard has entered into a share purchase agreement with both Hanwha Systems and Hanwha Ocean (together “Hanwha”), for the purchase of Philly Shipyard, Inc. (“PSI”), the sole operating subsidiary of PHLY (the “Transaction”). The Transaction will result in the Company selling all of its business against receiving a cash consideration of USD 100 million […]

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