IMM-backed consortium pays $2.1b for stake in Korea's Woori Bank
IMM Private Equity is one of seven investors that have acquired a combined 29.7% stake in Woori Bank, a Korean lender that has been under government control since 2001, for KRW2.4 trillion ($2.1 billion).
IMM will take a 6% interest in the bank. The other successful bidders are Tong Yang Life, Mirae Asset Management, Eugene Asset Management, Kiwoom Securities, Korea Investment & Securities, and Hanwha Life....
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