State-owned lender won't seek single buyer -report
TOKYO (CBS.MW) -- Korea Development Bank has scrapped plans to find a single buyer for its controlling $736 million stake in Daewoo Shipbuilding & Marine Engineering, according to a published report Monday.
The state-owned lender may instead offer shares in the world's second-largest ship manufacturer in the form of global depositary receipts, or might sell its 31 percent stake in smaller pieces to private equity funds, Korea Development Bank Governor Yoo Ji Chang reportedly said in an interview with Bloomberg News in Seoul
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