Hyundai Heavy claims IPIC ruling win
According to a ruling by the International Chamber of Commerce in Singapore, Abu Dhabi’s International Petroleum Investment Co (IPIC) must sell its 70% stake in Hyundai Oilbank at $12.97 a share to Hyundai Heavy Industries Co, Bloomberg has reported. The November 12 ruling has said that IPIC had breached a shareholder agreement with Hyundai Heavy. […]