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SK Energy considers joining POSCO in DSME bid

SK Energy considers joining POSCO in DSME bid

Seoul:  SK Energy Co, South Korea's top refiner, is considering joining in a consortium to be formed by POSCO Co., the nation's No.1 steel maker, to take over Daewoo Shipbuilding & Marine Engineering Co., a company official told local news wire Yonhap Tuesday.
"No detailed decision has been made as to whether we will take part in the consortium and how much we will spend on it if we do, though we are considering POSCO's request to participate as a financial investor," the official said. 
Meanwhile, there are rumours circulating that cash rich Korea Line Corp is mulling a bid for the yard. DSME is a shareholder of Korea Line. [2/9/08]

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