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DAEWOO ELECTRONICS, VIDEOCON-LED CONSORTIUM DISAGREE ON SALE.
SEOUL, Oct. 2 Asia Pulse - Creditors of Daewoo Electronics Corp. said Sunday they delayed the signing of a memorandum of understanding to sell South Korea's third-largest electronics maker to a consortium led by VideoCon Industries of India.
The consortium, consisting of VideoCon, an Indian consumer electronics manufacturer, and Ripplewood Holdings LLC, was selected as the preferred bidder for the electronics maker in early September.
Daewoo Electronics is a former unit of Daewoo Group, a local conglomerate that collapsed in 1999 under debts ...
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Source: HighBeam Research, DAEWOO ELECTRONICS, VIDEOCON-LED CONSORTIUM DISAGREE ON SALE.