Japan’s Tsuneishi Shipbuilding has agreed to acquire a 49% stake in compatriot Mitsui E&S Shipbuilding from its parent company, Mitsui E&S Holdings.
The deal includes all of Mitsui E&S Shipbuilding's Japanese companies — Niigata Shipbuilding and MES Yura Dock, and its Chinese joint venture company, Jiangsu Yangzi-Mitsui Shipbuilding.
No price has been disclosed for the deal that will be concluded in October.
