S&T Group, a listed South Korean conglomerate, is interested in acquiring stake in Korea Delphi Automotive Corp. (KDAC), reported Edaily. The report cited president Choi Pyung-gyu as saying that his group will be considering acquiring a stake in the privately held auto parts maker if it comes with a reasonable price. The group already owns...
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TR America Consortium will submit a deposit for acquisition talks over Daewoo Engineering and Construction (Daewoo E&C), reported Money Today. The report cited Chairman of the consortium, Moon Jung Min, as saying that the members have reached a consensus that they would need to pay the deposit to enter acquisition talks with Korea Development...
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Korean Newspaper Money Today reported that Dongkuk Steel Mill, the listed South Korean steel maker, would seriously consider joining Korea Development Bank (KDB) in the acquisition of Daewoo E&C, citing Dongkuk president Jang Se-joo, who also added that the company was yet to receive KDB’s proposal. According to an earlier report, KDB was looking to join...
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KAMCO to invite bidders for Daewoo Int’l this month (The Korea Herald) The state-run Korea Asset Management Corp. (KAMCO) will put Daewoo International Corp. for sale late this month as part of efforts to offload state-owned stakes in the trading company, the company said Wednesday. The national committee in charge of managing public funds...
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Major M&A deals carried over to 2010 Over the weekend the Korea Herald summarized some of the major M&A deals due to be completed in 2010. Hynix Semiconductor Shareholders have restarted the sale process, and will receive LOI up to the end of January. Hyosung, the the sole bidder pulled out of the process earlier this month. Experts put...
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