Woori sale up in the air as MBK emerges as sole bidder
The sale of the Korean government’s stake in Woori Finance Holdings has been called into question after a consortium led by MBK Partners emerged as the sole bidder for the asset.
MBK, backed by Goldman Sachs and the Canada Pension Plan, made an undisclosed bid for at least 30% of Woori yesterday, which is the lowest stake size auction participants were required to bid for. The...
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