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Hanwha Ocean shares sink 23% as it loses bid to build Canada's next fleet of submarines

Canadian Prime Minister Mark Carney announced Monday that Germany's Thyssenkrupp Marine Systems would be the preferred supplier for delivering the submarines. 

This article was originally published by CNBC Top News and is republished here under license.

Canadian Prime Minister Mark Carney announced Monday that Germany’s Thyssenkrupp Marine Systems would be the preferred supplier for delivering the submarines. 

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