South Korea clears Sinar Mas takeover of Hyundai LNG Shipping

AI Summary

South Korea has conditionally approved Indonesia’s Sinar Mas Group acquiring Hyundai LNG Shipping, following a national energy security review. The approval clears the final regulatory hurdle for the transaction, which had been delayed for months.

South Korea has given conditional approval for the sale of Hyundai LNG Shipping to Indonesia’s Sinar Mas Group, removing the final regulatory hurdle in a deal that has been held up for months by national energy security concerns. The Ministry of Trade, Industry and Energy has completed a foreign investment security review, approving the transaction …