이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Race to buy Daesung Industrial Gases heats up
- Collected
- 2016.11.24
- Distributed
- 2016.11.28
- Source
- Go Direct
According to sources from the investment banking industry on Tuesday, Goldman Sachs Group Inc. and Daesung Group Partners Co., the two largest stakeholders of Daesung Industrial Gases, aim to receive preliminary bids for the nation’s major industrial gas provider by early next month. The letter to invite buyers to the auction was sent out to more than 20 companies and private equity funds at home and abroad, of which about 10 have reportedly replied with intent. Competitors on the list are expected to include Korea’s SK Group, Germany’s Linde Group, and U.S.-based Praxair Inc. along with PEFs such as Korea’s MBK Partners, U.S. Carlyle Group and KKR & Co. L.P. The final list of preferred bidders would be unveiled around early December.
SK Group, who selected Credit Suisse as its deal adviser, has emerged as a strong contender. An unnamed source with deep knowledge and contacts on the group said that SK Group has been seeking to grow its industrial gas business through merger and acquisition deals since it bought OCI Materials, which was renamed to SK Materials last year. The group has been also aggressive in exploring next growth engines, as evidenced by its trading unit SK Networks Co.’s takeover of home appliance maker and renter Tonyang Magin Inc. in September.
Daesung Group Partners soared by daily limit of 30 percent, or 10,400 won, to end at 45,100 won on Wednesday.
By Kang Doo-soon and Han Woo-ram
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]