Carlyle, Affinity assessing Kyobo Life stake - reports
The Carlyle Group and Affinity Equity Partners are conducting due diligence on Kyobo Life Insurance Co., one of Korea's top three life insurance players, according to Korean reports, with a view to picking up a 24% stake in the business estimated at up to $697 million.
The Kyobo Life stake was held by local trading company Daewoo International, soon to be acquired by steel conglomerate POSCO, which has now decided to sell the position. Other potential bidders for the...
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