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Hyundai Development Co Engineering & Construction to Acquire Stake in BCTC

Wednesday, 11 Sep 2013 04:24am EDT 

Hyundai Development Co Engineering & Construction announced that it will acquire 15,779,800 shares of BCTC, which is engaged in the operation of port and marine terminals, for KRW 157,800 million to take part in container pier private capital business in Busan. The expected transaction settlement date is March 31, 2019. After that, the Company will hold a 50.00% stake (15,779,800 shares) in BCTC. 

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