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Article: Korea: DAEWOO ENGINEERING TO ACCEPT FINAL BIDS FOR STAKE SALE.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sanjayV03
Daewoo Engineering & Construction Co., South Korea's third-largest builder, will likely accept final bids for a controlling stake from prospective buyers until November 11, industry sources said Wednesday. Daewoo Engineering & Construction plans to pick a prime bidder for the stake on Nov. 12, the sources said.
Tokyo-based Nomura Securities Co. and the state-run Korea Development Bank, the builder's main creditor, are arranging the sale. On Oct. 5, Kumho Asiana Group, the builder's ...