The effort of South Korean state-run KAMCO to sell a stake in Ssangyong Engineering and Construction is delayed until next year, the E-Today reported.
The report cited an unspecified insider at KAMCO as saying the company is planning to start a review to sell the stake after the second half of this year.
The insider was cited as saying that he expects KAMCO could place the stake up for sale in 1H11 at the earliest or 1H12 at the latest.
KAMCO holds a 50.07% stake in Ssangyong Engineering, the listed South Korean construction company.
Source: E-Today (translated)
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