UAMCO., Ltd. acquired 84.42% stake in STX Engine Co., Ltd. from Korea Development Bank, Investment Arm and 5 others for approximately KRW 150 billion.
January 02, 2018
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UAMCO., Ltd. acquired 84.42% stake in STX Engine Co., Ltd. (KOSE:A077970) from Korea Development Bank, Investment Arm and 5 others for approximately KRW 150 billion on December 28, 2017. UAMCO., Ltd. acquired 19.4 million shares of STX Engine Co., Ltd. at KRW 7695 per share. UAMCO., Ltd. acquired the stake through open competitive bidding. Ernst & Young acted as financial advisor to Korea Development Bank.
UAMCO., Ltd. completed the acquisition of 84.42% stake in STX Engine Co., Ltd. (KOSE:A077970) from Korea Development Bank, Investment Arm and 5 others on December 28, 2017.
STX Engine Co.,Ltd. is a Korea-based company mainly engaged in the manufacture of diesel engines. The Company's product portfolio consists of marine diesel engines, which are used for liquefied natural gas (LNG) vessels, oil tankers, container carriers and others; power plants, including medium-speed diesel power plants and low-speed diesel power plants, and military diesel engines, including navy vessel engines, maritime police engines and others. It also engages in the manufacture of electronic communication equipment, such as underwater acoustics, radar systems, tactic communication systems, battle systems, ship automation systems and compromising trade systems.
STX ENGINE CO.,LTD. 
