Finance / Brazil
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Samsung Heavy Buys 10% Stake In Brazilian Shipyard
June 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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South Korea's Samsung Heavy Industries (SHI) has agreed to purchase a 10% stake in Brazil's Atlântico Sul Shipyard. The stake, worth US$22mn, will help SHI capitalise on the shipyard's expected growth. Atlântico Sul began construction in 2007.