Hyundai, Daewoo Eye GTT Deal

South Korea's Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering are each mulling bids for French engineering company GTT, Reuters reported Tuesday. The potential bids are estimated at about 1 billion euro ($1.3 billion). GTT's three shareholders -- GDF Suez, the world's biggest utility by market value, French oil company Total and U.S. private equity fund Hellman & Friedman -- are planning to sell their stakes, Reuters wrote.

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