이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Hyundai Securities and Hyundai Savings Bank auctions draw multi bidders
- Collected
- 2017.03.23
- Distributed
- 2017.03.28
- Source
- Go Direct
According to investment bank sources on Wednesday, a number of local financial firms -including Mirae Asset Global Investments and APRO Service Group - and private equity funds (PEFs) submitted letters of intent (LOI) for Hyundai Asset Management to its sales manager Samjong KPMG. Shortlisted candidates would be informed within the week and allowed to conduct due diligence. Final bid would be due in mid-April.
Hyundai Asset Management is the 30th largest asset manager in the country, operating assets worth 7.6 trillion won ($6.8 billion).
A separate auction to sell Hyundai Savings Bank led by EY Han Young also drew multiple bidders including APRO Service Group despite concerns about its failure due to its relative big size for a savings bank. APRO Service Group may be preferred as it has bid for both Hyundai Securities and Hyundai Savings Bank.
By Kang Doo-soon and Chun Gyung-woon
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