Hanwha Eyes Acquisition Opportunity: Australian Shipbuilder Austal on Radar

SEOUL, Apr. 2 (Korea Bizwire) – Hanwha Group, South Korea’s chemical-to-defense industry conglomerate, sees a good chance of acquiring Australian shipbuilder Austal, as it has expanded defense businesses in Australia, including a deal for K9 self-propelled howitzers, a group official said Tuesday. “Given that Hanwha Group is in the process of carrying out defense projects [...]