Deals
JFE’s Ship Unit May Seek More Merger Partners, CEO Says
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JFE Holdings Inc.’s shipbuilding unit, in talks to merge with IHI Marine United Inc., may invite other Japanese companies to join the enlarged group to help it compete with South Korean and Chinese rivals.
“A combined unit would boost competitiveness” of all companies that joined with IHI Marine and Universal Shipbuilding Corp., Chief Executive Officer Shinjiro Mishima said, adding that he would welcome more Japanese yards.