All posts tagged Daewoo E&C
Kumho Industrial selling assets in package deal
Reuters has reported that Kumho Industrial is selling 1 trillion won ($884.5 billion) worth of assets, including 12.3 percent of Daewoo Engineering & Construction, to roughly 10 private equity funds.
The buyout funds have turned in letters of intent to buy …
CJ to sell Samsung Life shares to finance KOREX acquisition
Maeil Business News has reported that South Korean business conglomerate CJ Cheiljedang Corp. has announced its decision to sell 3 million shares, worth 256.5 billion won ($222 million),
KORAIL to be privatized by 2014
Maeil Business News has reported that an official from the South Korean Ministry of Land, Transport and Maritime Affairs (MLTM) has announced that the privatization of the Korea
CJ to acquire Korea Express for $1.75 billion
According to the Korea Herald, CJ Group said on July 11 that it has signed a contract to purchase a 37.62 percent stake in Korea Express for 1.85
China’s JL Construction acquires Daewoo E&C
JoongAng Daily has reported that China’s JL Construction Co. Ltd. has purchased a 60 percent share in Daewoo Motor Sales Corp.’s Engineering and Construction Division. JL Construction paid
Last call for final bids on Korea Express
According to Maeil Business News, the creditors of Korea Express (KOREX), South Korea’s largest logistics company by revenue, will select a preferred bidder for the 37.6 percent stake
Korea Express running behind schedule
JoongAng Daily has reported that the sale of Korea Express has been delayed due to differences in opinion amongst major shareholders and bidders on the inclusion of the
Kumho Asiana Group seeking to sell Daewoo E&C stake
South Korean Kumho Asiana Group is seeking to sell a 24.7% stake in Daewoo Engineering & Construction (E&C) to overseas investors, reported Money Today citing CFO Jo Hyun-ok . Daewoo
KDB signs agreement to purchase Daewoo E&C stake
State-run Korea Development Bank (KDB) has signed a stock purchase agreement to buy a 37.16% stake in Daewoo Engineering & Construction (E&C) yesterday. Daewoo E&C is a listed, South
KDB likely to further reduce Daewoo E&C acquisition stake
Korea Development Bank (KDB) will likely reduce the stake it wants to buy in Daewoo Engineering & Construction, by another 5%, to 40%, reported the Korea Economic Daily. The
