Story perspectives

Australia Approves Hanwha's Increased Stake in Austal

12/12/2025

Summary

Story summary

Australian treasurer Jim Chalmers approved South Korean conglomerate Hanwha's bid to increase Austal's stake from 9.9% to 19.9%.
The decision followed consultations with national security agencies and imposes strict data access and board representation conditions.
Chalmers said the move aims to boost local shipbuilding capabilities while addressing Japan's technology access concerns.
Hanwha will remain a minority shareholder and cannot exceed 19.9%.

1 of 1

Story summary

Australian treasurer Jim Chalmers approved South Korean conglomerate Hanwha's bid to increase Austal's stake from 9.9% to 19.9%.
The decision followed consultations with national security agencies and imposes strict data access and board representation conditions.
Chalmers said the move aims to boost local shipbuilding capabilities while addressing Japan's technology access concerns.
Hanwha will remain a minority shareholder and cannot exceed 19.9%.