Kumho Asiana to buy back Korea bus unit from IBK, Kstone
IBK Capital and Kstone Partners are set to exit South Korea-based Kumho Buslines after domestic conglomerate Kumho Asiana Group said it would buy back its former subsidiary.
The KoFC IBK-Kstone Private Equity Fund bought the intercity bus services operator from Kumho Industrial in 2012 for KRW331 billion (then $291 million). They also picked up minority stakes in Seoul Express...
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