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KUMHO-ASIANA SIGNS FORMAL DEAL TO ACQUIRE KOREA EXPRESS.
SEOUL, March 3 Asia Pulse - Kumho-Asiana Group (KSE:020560), a South Korean transportation conglomerate, said Monday it has signed a formal deal to buy a controlling stake in Korea Express Co. (KSE:00120), South Korea's biggest logistics company, for 4.1 trillion won (US$4.34 billion).
The deal would open the door for Kumho-Asiana, which has the nation's No. 2 carrier Asiana Airlines Inc. under its wing, to expand its cargo operations into the inland freight business dominated by Korea Express.
"The business portfolio of Korea Express will play a leading role in helping the group achieve ...
- KUMHO-ASIANA WINS BIDDING FOR KOREA EXPRESS.
- News wire article from: AsiaPulse News January 18, 2008 700+ words
...preferred bidder for Korea Express came less than a year after Kumho-Asiana acquired...the stake in Korea Express on Jan. 25...by Feb. 15, Kumho-Asiana is...on Feb. 22. Kumho-Asiana already...cent stake in Korea Express. With the 24...
- (3rd LD) Kumho-Asiana wins bid for Korea Express.
- News wire article from: YON - Yonhap News Agency of Korea January 18, 2008 700+ words
...preferred bidder for Korea Express came less than a year after Kumho-Asiana acquired...the stake in Korea Express on Jan. 25...by Feb. 15, Kumho-Asiana is...on Feb. 22. Kumho-Asiana already...percent stake in Korea Express. With the 24...
- KUMHO-ASIANA WINS BID FOR KOREA EXPRESS.
- News wire article from: AsiaPulse News January 17, 2008 700+ words
...17 Asia Pulse - Kumho-Asiana Group...controlling stake in Korea Express Co., South Korea...purchase the stake in Korea Express on Jan. 25...by Feb. 15, Kumho-Asiana is required...enlarged capital in Korea Express. Kumho-Asiana is South...
- Korea Express to purchase Kumho Terminal.
- News wire article from: YON - Yonhap News Agency of Korea September 17, 2009 700+ words
...acquire the entire stake of Kumho Terminal. To that end, Korea Express will invest 219 billion won...synergy effect by integrating Kumho Terminal into Korea Express," a company official said. Kumho Terminal currently operates...
- KOREA EXPRESS TO PURCHASE KUMHO TERMINAL.
- News wire article from: AsiaPulse News September 16, 2009 700+ words
...acquire the entire stake of Kumho Terminal. To that end, Korea Express will invest 219 billion won...synergy effect by integrating Kumho Terminal into Korea Express," a company official said. Kumho Terminal currently operates...
- KUMHO-ASIANA GROUP CHOSEN AS PREFERRED BIDDER FOR KOREA EXPRESS.
- News wire article from: AsiaPulse News January 17, 2008 700+ words
...controlling stake in Korea Express Co., South Korea...said Thursday. Kumho-Asiana's Asiana...purchase the stake in Korea Express on Jan. 25...by Feb. 15, Kumho-Asiana is required...enlarged capital in Korea Express. Kumho-Asiana is South...
- KUMHO-ASIANA, HANJIN SUBMIT FINAL BIDS FOR KOREA EXPRESS.
- News wire article from: AsiaPulse News January 16, 2008 700+ words
...including Hanjin and Kumho-Asiana, have...million new shares of Korea Express, which have a value...an official of Korea Express said previously...bidding war between Kumho-Asiana and Hanjin...For the sale, Korea Express will sell the 24...enlarged capital. ...
- Kumho signs deal to acquire Korea Express.
- News wire article from: YON - Yonhap News Agency of Korea January 26, 2008 700+ words
...billion), will open the door for Kumho-Asiana, which owns Asiana Airlines...the inland freight operations of Korea Express. Kumho-Asiana will conduct a formal due diligence investigation of Korea Express by Feb. 15, and the final contract...