New bids for Daewoo Engineering
According to Korean reports, the Korea Development Bank and other potential acquirers, including local conglomerate STX Group and a so-called TR America Consortium, are jockeying for position in a fresh round of bids for moribund Korean construction asset Daewoo Engineering & Construction.
KDB, the asset's chief creditor, denied that it had yet received a bid from the consortium, despite reports that the latter was ready to offer $2.96 billion to buy 50% plus one share of Daewoo E & C. KDB...
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