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HD Hyundai in advanced talks to acquire U.S. shipyard, seeking hiring and tech

HD Hyundai logoHD Hyundai
Sig2.32Sen+0.76Env0.00Soc+1.65Gov+0.74

HD Hyundai is reported to be in advanced negotiations to acquire a U.S. shipyard after targeting several firms, with a planned July announcement in Washington, D.C. delayed by a last-minute price disagreement. The group wants local hiring and technology transfers, supported by Cerberus and the Korea Development Bank as U.S. shipyard valuations rise amid Navy and Coast Guard modernization.

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