PE firms bid for Korean weapons manufacturer – report
Four private equity firms and a European defense company have reportedly submitted bids for a stake in South Korea’s LIG Nex1. The weapons manufacturer is offloading a 49% interest worth around $440 million.
A preferred bidder will be chosen by the end of this week or early next week. According to Reuters, IMM, Actium and STIC Investments are among the PE investors keen on the asset. At least one party put...
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