The ongoing sale of Daewoo Electronics to Entekhab Industrial may be delayed due to the latter’s financing problems, reported the Maeil Business. The report cited industry sources as saying the Iran-based electronic appliance maker provisionally agreed with the creditors of Daewoo on a KRW 470bn (USD 398m) price tag to buy the South Korean peer. According...
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Entekhab Industrial, an Iran-based appliance maker, is planning to list Daewoo Electronics within three years after it acquires it, reported the Korea Economic Daily. Daewoo Electronics is a South Korean appliance maker, with which Entekhab is in acquisition talks. The report cited an unspecified insider at Entekhab Industrial as saying that it would also...
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Creditors of Daewoo Electronics are likely to finalize the  sale of the South Korean appliance maker to Entekhab Industrial as early as next week, reported the Korea Herald. The report cited financial sector sources as saying that the creditors group is expected to hold a meeting to approve the sale next week. The deal...
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The creditors of Daewoo Electronics are in the final stages of negotiation to sell the company to Entekhab Industrial, the preferred bidder, reported Newsis. The report cited industry sources as saying the two parties have agreed to narrow the gap between the creditors’ price expectations and the bid on offer, and have also set 10 August as the...
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Entekhab Industrial is rumored to have suggested a 15% discount on its initial offer of KRW 605bn (USD 509m) for Daewoo Electronics, reported the Maeil Business. Daewoo Electronics is the unlisted South Korean electronic appliance maker and Entekhab Industrial, its Iran-based peer, was earlier selected as preferred bidder in the sale. The report cited...
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Entekhab Industrial will propose a final offer for Daewoo Electronics, the unlisted South Korean electronic appliance maker, soon, reported Maeil Business. The report cited the Iran-based household appliances maker as saying that the negotiations with the advisor of the selling-side are going smoothly now and the company will propose a final offer around 28...
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The ongoing negotiations of Entekhab Industrial to acquire Daewoo Electronics could be canceled due to the gap between the creditors anticipated price and the offer, reported Financial News Daily. The report cited industry sources as saying that the current preferred bidder, Entekhab Industrial Group, has offered about KRW 500bn (USD 412m), which is 15%...
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Creditors of South Korea’s Daewoo Electronics have pushed back signing the electronic appliances maker’s sale agreement, following a request from preferred bidder Entekhab Industrial Group, reported Money Today. The report, citing industry sources, claimed Iran-based Entekhab made the request as it likely needs more time to fine-tune terms of the deal. A 57.4% majority...
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Entekhab Industrial Group has requested creditors of Daewoo Electronics to extend the due diligence period by two weeks, reported Money Today. The unsourced report said that the Iran-based household electronic appliance maker has requested the extra time for additional inspection of its unlisted Korean peer. Following this development, the anticipated signing of a formal...
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Woori Bank has chosen Iran-based Entekhab Industrial Group as a preferred bidder in the sale of Daewoo Electronics, the unlisted South Korean household electronic appliance maker, according to an Woori Bank press release. The Woori Bank-led creditors group will soon sign a memorandum of understanding with Entekhab Industrial Group and finalize the deal by...
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