Korea's MegaStudy pulls plug on 35% stake sale to MBK
MegaStudy Education, a listed Korean education provider with a market capitalisation of nearly KRW 900bn (USD 660m) has decided against selling a stake to North Asia-focused private equity firm MBK Partners.
The company said in July that its largest shareholder, Joo-eun Son, who also serves as chairman, had been reviewing the possibility of a sale to MBK. Local media reported that the private equity firm was...
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