South Korea’s Samsung C&T is closing in on a deal to take over UK-based engineer Whessoe Oil & Gas in an effort to bolster its LNG terminal-building capabilities.
The Seoul-based construction company is expected to complete the purchase by the end of this month, according to South Korean analysts who follow the construction sector.
Samsung C&T, an engineering and trading company within the massive Samsung Group, is believed to be paying 50 billion won ($44.5