TStone may not bid for Woori - report
Uncertainty surrounds South Korean private equity firm TStone's participation in the auction for Woori Finance Holdings after executives alluded that the firm may drop out of the first round of bidding, which is slated to start today.
Min Euoo-sung, chairman of TStone Partners, told Reuters that market conditions have prompted the fund to further reconsider the bid. "As stock prices recently tumbled, funding from domestic investors...
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