South Korea's Woori starts sale process for majority stake
South Korean officials have stated that the government will begin the sale of its 57% stake in Woori Financial Holdings, the nation’s third-largest financial services group, this week, as part of a planned privatization.
The value of the exit could be around $6 billion. If it goes through, the deal would be the biggest of the year in South Korea. Bidders for the Woori stake will be chosen by the end of this year, ideally...
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