Woori PE might sell big Kumho Investment stake
Woori Private Equity, the private equity arm of Seoul-headquartered local lender Woori Bank, is reportedly planning on selling its 41.4% share of Kumho Investment Bank, a wholly-owned subsidiary of Kumho Asiana Group, the troubled South Korean conglomerate.
The firm acquired the Kumho Investment shares in 2007 in a deal estimated at around KRW63 billion ($56 million). Local media reported an insider at Woori PE as saying that the company could sell the stake...
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