Eight investors submit final bids for Woori Financial's minority stake Final results expected early next week
Translated by Kim So-in 공개 2021-11-22 08:09:12
이 기사는 2021년 11월 22일 07:58 thebell 에 표출된 기사입니다.
A sale of about a 10% stake in Woori Financial Group held by Korea Deposit Insurance Corporation (KDIC) is going smoothly, with strong interest continuing into the final round of bidding.KDIC received binding offers from around eight investors by the November 18 deadline. Total seven investors offered higher bids than the seller’s minimum bid price, with 1.73 times the maximum sale amount of 10%.
The country’s Public Fund Oversight Committee will announce final results at 2PM on November 22 after the financial authorities review bidding prices and other factors.
Hoban Construction, Harim Group’s shipping unit Pan Ocean, Korea Investment & Securities, and Eugene Private Equity have reportedly offered to acquire a 4% or more stake, said industry sources. KDIC will grant the right to nominate an outside director to those buying a 4% or more stake in Woori Financial.
KTB Asset Management reportedly sought to buy a 2% stake, while Taiwan’s Fubon Financial and cryptocurrency exchange operator Dunamu sought to buy a minority stake.
KDIC had received preliminary bids from 18 potential buyers. Of them, about eight participated in the final round of bidding, with mobile carrier KT, which has been floated as strong contender, pulling out of the deal. Bid prices are expected to have a great impact on the seller’s decision, as many potential buyers placed their bids.
It is meaningful that shares of Woori Financial have soared since the sale process has picked up the pace. Shares of Woori Financial closed at 13,500 won on Thursday, up 25% from 10,800 won on September 9 when the financial holding company announced its stake sale plan.
With the strong interest from potential investors and a rise in the stock price, analysts said there is the possibility that more than 10% stake may be sold. KDIC owned a 15.13% stake in Woori Financial as of the end of September. (Reporting by Jang-jun Lee)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- 나이스평가정보, '아인스미디어·웰컴즈' 인수
- 폴라리스오피스 자회사, 엔비디아 '인셉션 프로그램' 합류
- 소룩스, 美 Mount Sinai 의대와 ‘인지건강 특수조명 공동개발’ 계약
- 세경하이테크, 자회사 세스맷 친환경 확장 '순항'
- [Red & Blue]지오릿에너지, CB 주식전환 물량 출회 부담
- 다보링크, 해외시장 공략·신사업 추진 본격화
- [Red & Blue]포스코 손잡은 '협동로봇' 뉴로메카, 반등 '언제쯤'
- [이사회 모니터]황원경 본부장, 상상인증권 사내이사 합류
- 맥시칸, '지사 역할' 하림유통 합병 '효율성 제고'
- [아난티는 지금]얽히고설킨 지배구조, ESG 'D등급 딱지'