A 12.62% stake in Mando, a listed South Korean auto component maker, has been sold by a private equity fund managed by Korea Development Bank for KRW 286bn (USD 240m).
According to a large volume shareholder’s report to the Korean stock exchange, KDB Value J PEF has sold a total of 2.29m ordinary shares in Mando for KRW 124,500 per share in a block deal.
The acquirer of the stake was not disclosed in the statement.
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