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Investors interested in takeover of Daewoo EC on better earnings: Yonhap


Posted : 2021-04-21 10:53
Updated : 2021-04-21 10:53
A couple of domestic investors appear to be interested in acquiring Daewoo Engineering Construction Co. as improving performances have boosted the builder s corporate value, sources said Wednesday.
Prospective buyers include local private equity fund Sky Lake Investment, which has recently taken over Doosan Solus Co., a South Korean copper foil maker, according to them.
KDB Investment Co., a corporate restructuring arm of the state-run Korea Development Bank (KDB), is the biggest shareholder of Daewoo EC with a 50.75 percent stake.
KDB sold its stake in Daewoo EC to KDB Investment in 2019, two years after it failed to sell the construction company. ....

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