News/M&A
SKorea's Kumho Asiana named preferred bidder to buy Daewoo Engineering
Korea M&A
2006. 6. 22. 19:02
SEOUL (AFX) - Kumho Asiana Group has been selected as the preferred bidder to buy a controlling stake in Daewoo Engineering & Construction Co Ltd, key creditors led by the Korea Asset Management Corp (KAMCO) said.
Prime Group has been named as the reserve bidder, KAMCO said.
Three other firms - Eugene Group, Doosan Corp and Samwhan Corp - had also submitted bids.
Prime Group has been named as the reserve bidder, KAMCO said.
Three other firms - Eugene Group, Doosan Corp and Samwhan Corp - had also submitted bids.