VW Struggles With Sale of MAN Energy Solutions
By Aaron Kirchfeld (Bloomberg) Volkswagen AG is disappointed with the offers so far for its MAN Energy Solutions division, which makes diesel engines for ships and power generators, according to...
SEOUL (Dow Jones)–STX Group said Monday it had signed an initial agreement with United Shipbuilding Corp. to build a $1 billion shipyard in St. Petersburg for the Russian state-run shipbuilder.
STX Group will undertake engineering, procurement and construction on a lump-sum turnkey basis for the shipyard, the company said in a statement.
Meanwhile, STX Group said it’s in talks with clients in countries such as Brazil and United Arab Emirates on new shipyard projects.
-By Kyong-Ae Choi, Dow Jones Newswires
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