Australia Will Allow Hanwha to Raise Its Austal Stake to 19.9%

Bloomberg TechnologyThursday, December 11, 2025 at 10:06:28 PM
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Australia Will Allow Hanwha to Raise Its Austal Stake to 19.9%
  • Australia has approved Hanwha Aerospace, a leading South Korean defense firm, to increase its stake in shipbuilder Austal Ltd. to 19.9%, following a recommendation from the Foreign Investment Review Board, as announced by Treasurer Jim Chalmers.
  • This decision signifies a strengthening of ties between Australia and South Korea in the defense sector, potentially enhancing Hanwha's influence in the Australian shipbuilding market and supporting Austal's growth and innovation in naval technology.
— via World Pulse Now AI Editorial System

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