이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Keystone PE likely to be selected as preferred bidder of Dongbu Corp.
- Collected
- 2016.05.12
- Distributed
- 2016.05.16
- Source
- Go Direct
Asset investment firm United Asset Management Company (UAMCO) and Keystone PE participated in the final bid for the auction for the construction company. Among the two candidates, Keystone PE with higher bidding price is more likely to be selected as the preferred bidder. The sale price is estimated at 200 billion won ($171 million). Samil Accounting Corp. and Hyundai Securities Co. hired for the sale plan to review the terms and discuss them with the court to decide on a preferred bidder within this week.
The private equity investors handed in their final bids without linking up with strategic investors in the construction business. Keystone PE has recently been keen in the construction industry, also attempting to take over Sambu Construction Industrial Co.
Dongbu Corp. was put up for sale last year but final negotiations with Pine Tree Investment & Management Co. fell through due to difference in the price influenced by breakdown of earlier deal to sell Dongbu Express. The construction company recorded 35.6 billion won in operating loss last year on a consolidated basis, sharply down from the previous year’s 156.7 billion won.
By Chun Gyung-woon
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