Hyundai Heavy Said to Get Bank’s Approval to Raise $2.2 BillionBy
Hyundai is first of Big Three to get nod for restructuring
To sell assets, exit businesses such as solar energy
Hyundai Heavy Industries Co., the world’s biggest shipbuilder, received an initial approval from its creditor KEB Hana Bank to raise 2.6 trillion won ($2.2 billion) selling assets, according to a person familiar with the plan.
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