STX Offshore in talks with bank to sell stake

South Korean shipbuilder STX Offshore & Shipbuilding said it was in talks with the Korea Development Bank (KDB) to sell a stake in STX Heavy Industries Co. STX Offshore said in a filing to the Korea Exchange that it had chosen the state-run bank as a preferred bidder, but nothing had been decided.

STX Offshore did not say how much of a stake in the company’s unit it would sell.