The Abu Dhabi Investment Company (ADIC) is rumored to have shown interest in buying the South Korean government’s holding in Woori Finance, according to the Seoul Economic Daily.
The United Arab Emirates sovereign wealth fund is believed to be interested in buying anything between a minority holding to a controlling stake in Woori, the newspaper stated, without citing a source.
The South Korean government holds a 66% stake in Woori Finance through the Korea Deposit Insurance Corporation.
For previous stories on the privatization of Woori Finance see here.
(Source: Seoul Economic Daily)
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