Hyundai Heavy Said to Get Bank’s Approval to Raise $2.2 Billion

  • 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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