Hyundai Construction Equipment Co., Ltd. (KOSE:A267270) agreed to acquire unknown stake in Hyundai Heavy Industries Brasil - Indústria e Comércio de Equipamentos de Construção S.A from Korea Shipbuilding & Offshore Engineering Co., Ltd. (KOSE:A009540) for KRW 73.8 billion on November 16, 2021. As per the transaction, Hyundai Construction Equipment Co., Ltd. will acquire 922,203,786 shares of Hyundai Heavy Industries Brasil - Indústria e Comércio de Equipamentos de Construção S.A at KRW 80.03 per share. The transaction is expected to close on December 31, 2021.