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Hanwha Group's $790.6M acquisition of Singapore's Dyna-Mac approved by local regulators.
The Competition and Consumer Commission of Singapore has approved South Korea's Hanwha Group's S$790.6 million takeover of Singapore-based oil contractor Dyna-Mac.
The deal will give Hanwha access to Dyna-Mac's manufacturing facilities and vessels in Singapore.
The CCCS found the acquisition unlikely to reduce competition in offshore plant supply.
Dyna-Mac's largest shareholder has backed the S$0.67 per share offer.
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La adquisición de Dyna-Mac de Singapur por $790.6M de Hanwha Group fue aprobada por los reguladores locales.