Since 3 months ago, it was reported that STX Group is likely to sell off its 50.75% stake in STX OSV. Some news speculated that the deal would be done in April, while others speculated in May. According to Maeil Business Newspaper 18 May 12, (South Korea main daily business newspaper), STX Group seems to be close to signing a preliminary agreement to sell 50.75% stake in STX OSV to Italian shipbuilding Fincantieri and private equity firm Carlyle group at around $1.60. The newspaper cited that the agreement may be signed as early as the following week. However, nothing was announced during the period. […]