Korea Development Bank, a top shareholder in Daewoo Shipbuilding has announced that it will invite bidders for the world's No.3 shipbuilder next week in a bid to complete a $4 billion sale this year, writes Reuters. "A public notice for sale of Daewoo is likely to come out next week," a KDB official said, adding the bank plans to select a preferred bidder in early October.
At least five bidders including the world's No.4 steelmaker POSCO and energy group Hanwha are expected to submit bids.
At least five bidders including the world's No.4 steelmaker POSCO and energy group Hanwha are expected to submit bids.