Korea Development Bank (KDB) is planning to reduce the stake portion which it is seeking to acquire in Daewoo Engineering & Construction (E&C) by 5% to 45%, reported the Edaily.
The report cited an unspecified source from the state-run bank as saying that KDB has decided to buy Daewoo shares held by financial investors and Kumho Tire only, and would exclude the shares held by Kumho Petrochemical and Asiana Airlines from its acquisition.
As reported earlier, KDB has been preparing financing for an acquisition of a stake of 50% plus one share in the listed South Korean construction company from Kumho Asiana Group and its financial investors.
Source: Edaily (translated)
No related posts.
