Hyundai Oilbank seeks approval for $1.8bn flotation

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By Jonathan Breen
12 Jul 2018

Hyundai Oilbank, a subsidiary of shipbuilding giant Hyundai Heavy Industries, is looking for the green light for an IPO of up to W2tr ($1.77bn).

The refining unit filed an application with South Korea’s regulator on Wednesday. The IPO is set for around October, according to a banker on the deal.

The listing is likely to be one of the largest in the country in 2018. SK Lubricants brought a potential W1.6tr IPO ...

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