Blackstone may join Woori process
The Blackstone Group has been in discussions with Korea's Woori Financial Group over possible participation in the state-backed $6 billion auction of the government's 57% stake in the country's third largest banking group, at some $10.6 billion market cap.
Korean media reports said that Woori CEO Lee Pal-seung asked Blackstone CEO Stephen Schwarzman to join the process after a personal meeting in New York, ostensibly concerning a Woori unit's investment...
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