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STX mulls Finnish IPOs

Tuesday, 24 January 2012 | 16:30
South Korean-controlled shipbuilding behemoth STX Europe is planning an IPO for its two Finnish shipyards. 
Its finance chief Ju-Won Park told the Kauppalehti newspaper a share sale could be implemented "at some point." 
The company owns 100% of the Turku and Rauma yards, which are cruiseship and ferry specialists. But Mr Park said it would not sell its 50% share of the Helsinki yard.
Source: Seatrade-Asia
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