Hyundai Heavy plans $1.9bn Oilbank IPO

Refinery pipes 230x150
By Jonathan Breen
02 Jan 2018

South Korean shipbuilder Hyundai Heavy Industries is planning to list its refining arm Hyundai Oilbank this year, according to an ECM banker involved in the discussions.

Hyundai Heavy said at the end of December 2017 that it intended to float the subsidiary. The IPO is expected to raise around W2tr ($1.88bn) and is likely to take place in September or October, said the banker.

There has been no official request for proposals, but Korean, ...

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