Private Equity Korea » Abu Dhabi Investment Company http://www.privateequitykorea.com Breaking News & Deal Opportunities for Private Equity and Venture Capital Investors Fri, 03 Feb 2012 09:23:17 +0000 en hourly 1 http://wordpress.org/?v=3.3 Woori Privatization Update: ADIC rumored to be interested http://www.privateequitykorea.com/ma-news/woori-privatization-update-adic-rumored-to-be-interested/ http://www.privateequitykorea.com/ma-news/woori-privatization-update-adic-rumored-to-be-interested/#comments Mon, 08 Mar 2010 05:43:40 +0000 Brett Moffat http://www.investkoreasmes.com/?p=3246 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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