Mitsubishi Heavy Industries dismissed a local newspaper report Wednesday that it aims to buy a controlling stake in a shipbuilding unit of India’s Larsen & Toubro.
The Yomiuri Shimbun reported in its Wednesday morning edition that the Japanese shipbuilder plans to buy at least a 51% stake in L&T Shipbuilding by 2015.
But a Mitsubishi spokesperson said there was no truth to the report.
In December, Mitsubishi signed a pact to provide technical assistance to L&T Shipbuilding.
Published : October 4, 2012
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