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Article: Korea: Creditors seek to complete sale of Daewoo Int l by end of June.

Article from:
TendersInfo
Article date:
November 5, 2009
Copyright

Byline: sanjayV03

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 per cent 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 ...

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