Busan’s business community began to pin high hopes on the sale of Air Busan from Asiana Airlines to a company in the city, as the Korea Development Bank (KDB) became more open-minded toward the proposal, according to industry officials, Thursday.
Korea Development Bank (KDB) leadership is being tested by its campaign to swiftly sell off tax-financed companies, following botched sales talks last week on KDB Life Insurance.
Hana Financial Group has announced its decision to withdraw from the acquisition of KDB Life Insurance. This marks the fifth time that the insurance subsidiary of the Korea Development Bank (KDB) has failed to secure a new owner.
LX International, Dongwon Industries and the consortium of Harim Holdings and JKL Partners appear to be going all out to secure cash to win in a bid to acquire a controlling stake in HMM, which is estimated to be up to 6 trillion won ($4.5 billion), according to industry officials, Tuesday.
Following the end of preliminary bidding early last week to acquire HMM, some of the container transport company s minority shareholders have come together to support an acquisition bid by German shipping giant Hapag-Lloyd.