South Korea’s STX Offshore & Shipbuilding is said to have been bought by a consortium comprising a private investment fund and a debt clearing house.
Industry sources said South Korea's KH Investment (KHI) and United Asset Management Co (UAMCO) paid KRW 250bn ($223.4m) to the yard's creditors for a stake of more than 80%.
Private investment fund fund KHI is a merger and acquisition specialist.
