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Article: United Arab Emirates: Three firms vying for $3 bln Daewoo Eng stake-source.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
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Byline: shiv03
Three foreign firms, including an Abu Dhabi investment vehicle, are vying for a majority stake in Daewoo Engineering & Construction Co Ltd , a Daewoo source said, in a deal potentially worth $2.6 billion.
United Arab Emirates' (UAE) Abu Dhabi Investment Co, Saudi Arabian investment company S&C International and AC Development of the United States were in the auction, the source told Reuters on Tuesday. In Abu Dhabi, Kyu Nam Chae, the Korean Embassy's energy and commercial attache said Abu Dhabi Investment Co was in the running.
Kumho Asiana Group, the parent group of the country's No.3 builder, has put the majority stake in Daewoo ...