South Korea's Daewoo Shipbuilding unlocks $2.6 billion bailout after bondholder approval

SEOUL (Reuters) - South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd has won near unanimous agreement from bondholders to swap their debt for equity, meeting a condition that unlocks a $2.6 billion bank bailout for the world's biggest shipbuilder.

South Korea's Daewoo Shipbuilding unlocks $2.6 billion bailout after bondholder approval
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