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 report cited industry sources as saying that KDB has changed its plan to buy stakes held by financial investors only. It had earlier been reported...
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Korea Development Bank (KDB) is expected to complete its acquisition of Daewoo Engineering and Construction (E&C) around November, reported the Edaily. Daewoo E&C is the listed South Korean construction company, in which, KDB is in a process of acquiring a 50% stake, plus, one share, from Kumho Asiana and its financial investors. The report...
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A 12.62% stake in Mando, a listed South Korean auto component maker, has been sold by a private equity fund managed by Korea Development Bank for KRW 286bn (USD 240m). According to a large volume shareholder’s report to the Korean stock exchange, KDB Value J PEF has sold a total of 2.29m ordinary shares...
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Korea Development Bank (KDB) is planning to reduce the stake portion which it is seeking to acquire in Daewoo Engineering & Construction (E&C) by 5% to 45%, reported the Edaily. The report cited an unspecified source from the state-run bank as saying that KDB has decided to buy Daewoo shares held by financial investors...
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Korea Development Bank (KDB) has confirmed that it will buy a 50% stake in Daewoo Engineering & Construction (E&C) without any other investor, reported the JoongAng Daily. The report cited the state-run bank, which stated yesterday that it has decided to acquire Daewoo E&C solely via its own private equity funds and special purpose...
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Korea Development Bank (KDB) is likely planning to acquire Daewoo Engineering and Construction (Daewoo E&C) by itself, without partnering with any financial investors, the Seoul Economic Daily reported. The report cited industry sources as saying that financial investors which KDB has contacted so far have shown reluctance to the potential investment, and now the...
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The president of state-run Korea Development Bank (KDB), which is seeking to privatize a controlling stake in Woori Finance, is not in favor of mergers between local banks, reported Money Today. The report cited president Min Yoo-sung, who said in an interview with the paper that he believes South Korean banks, which have 96%...
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Korea Development Bank (KDB) is planning to borrow as much as KRW 1tn (USD 835m) for the acquisition of a 50% stake in Daewoo Engineering & Construction, the Seoul Economic Daily reported. The unsourced report claimed that the state-run bank has decided to borrow 30-40% of the acquisition fund from investors through a special...
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Korea Development Bank (KDB) is planning to complete its acquisition of Daewoo Engineering and Construction (E&C) by August, reported the Chosun Ilbo.
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The state-run Korea Development Bank (KDB) will likely postpone the sale of South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) until the end of 2010, due to unfavorable industry conditions.
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