South Korean Builder For Sale By Year End

March 2008 | M&A News Alert

Korea Exchange Bank (KEB), a major shareholder of Hyundai Engineering & Construction, has said that the South Korean builder will go up for sale by the end of the year. Its main shareholders, who hold 56.7% of the company, are planning to sell up to a 50% stake in a sale worth a potential KRW4.9trn (US$5.2bn). KEB, as well as the other eight financial institutions that hold a stake in the company, made the decision after holding a plenary meeting on March

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