Hyundai Heavy held talks with Daewoo Shipbuilding to buy stake - official

SEOUL (Reuters) - South Korean shipbuilding giant, Hyundai Heavy Industries Group, is interested in buying a stake in cross-town rival Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on Wednesday.

Hyundai Heavy held talks to buy the Daewoo stake, the official said, without elaborating further.

State-funded Korea Development Bank holds a 55.7 percent stake in Daewoo.

(Reporting by Hyunjoo Jin; Editing by Muralikumar Anantharaman)