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Article: Creditors set to sell Daewoo International by June.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- November 5, 2009
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SEOUL, Nov. 4 (Yonhap) -- Creditors of Daewoo International Corp. are seeking to complete the sale of South Korea's leading trade company by the end of June, sources said Wednesday. Creditors of Daewoo International, led by state-run debt clearer Korea Asset Management Corp. (KAMCO), are looking to sell a 68 percent stake in the company valued at around 2.2 trillion won (US$1.86 billion). A consortium of Samjong KPMG Advisory Inc. and Merrill Lynch & Co. were picked as co-managers for the stake sale in late October. According to sources, KAMCO is expected to draw up a shortlist of candidates ...
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