STX mulls sale of Aker Yards

STX Group is considering selling parts of its stake in STX Europe ASA, formerly known as Aker Yards, to recoup some of its spending for the takeover, according to the Yonhap News Agency.

We are looking at various options to recoup some of our investment, said a STX official. But no detailed plan has yet been made.

In separate report, STX is said to be seeking to sell half of its stake in its European unit to the governments of France and Finland. The move came after global ship orders in September dropped due to gloabl economic recession.

Source: http://www.energycurrent.com