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PRELIMINARY BIDDING FOR DAEWOO SHIPBUILDING TO END BY SEPT. 9.
SEOUL, Sept 1 Asia Pulse - The state-run Korea Development Bank (KDB) plans to close the preliminary bidding process for the sale of the Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's third-largest shipbuilder, by Sept. 9, industrial sources said Saturday.
KDB, the lead manager of the Daewoo Shipbuilding sale, along with a government asset management unit, are to sell a 50.4 percent stake in the shipyard. The deal will fetch as much as 7 trillion won (US$6.45 billion), according to sources.
KDB will pick a preferred bidder in October.
On Aug. 27, four South Korean companies - POSCO, Hyundai Heavy Industries Co., GS Group and Hanwha Group - submitted letters of intent for the acquisition of the shipyard.
The four companies successfully passed KDB's screening process and are expected to conduct a due ...
- Preliminary bidding for Daewoo Shipbuilding to end by Sept. 9: sources.
- News wire article from: YON - Yonhap News Agency of Korea September 2, 2008 700+ words
...plans to close the preliminary bidding process for the sale of Daewoo Shipbuilding & Marine Engineering...lead manager of the Daewoo Shipbuilding sale, along with...due diligence on Daewoo Shipbuilding for three weeks...
- POSCO, HANWHA, HYUNDAI SUBMIT BIDS FOR DAEWOO SHIPBUILDING.
- News wire article from: AsiaPulse News October 14, 2008 700+ words
...in the final bidding for Daewoo Shipbuilding & Marine Co. (KSE...a 31 per cent stake in Daewoo Shipbuilding and is managing the sale...priority negotiator for Daewoo Shipbuilding as early as October 25...
- POSCO, Hanwha, Hyundai Heavy submit bids for Daewoo Shipbuilding.
- News wire article from: YON - Yonhap News Agency of Korea October 14, 2008 700+ words
...in the final bidding for Daewoo Shipbuilding & Marine Co. on...owns a 31 percent stake in Daewoo Shipbuilding and is managing the sale...priority negotiator for Daewoo Shipbuilding as early as Oct. 25 after...
- POSCO to make solo bid for Daewoo Shipbuilding after GS drops out.
- News wire article from: YON - Yonhap News Agency of Korea October 14, 2008 700+ words
...solo bid for a controlling stake in Daewoo Shipbuilding & Marine Engineering Co...push for a proposed acquisition of Daewoo Shipbuilding in the form of a solo bid," POSCO...which is managing the sale of Daewoo Shipbuilding, is reviewing whether to accept...
- HYUNDAI HEAVY, HANWHA GEAR UP FOR DAEWOO SHIPBUILDING DECISION.
- News wire article from: AsiaPulse News October 17, 2008 700+ words
...Hanwha Group for the acquisition of Daewoo Shipbuilding & Marine Engineering Co...the sale of a controlling stake in Daewoo Shipbuilding, said on Thursday it would disqualify...steelmaker, as a potential buyer for Daewoo Shipbuilding. The decision came after POSCO...
- Daewoo Shipbuilding leads vehicle carrier market.
- News wire article from: YON - Yonhap News Agency of Korea December 10, 2005 700+ words
...Dec. 9 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering...sources said Friday. Daewoo Shipbuilding has won a US$340 million...carry 6,700 vehicles. A Daewoo Shipbuilding official said the company...
- DAEWOO SHIPBUILDING LEADS VEHICLE CARRIER MARKET: SOURCES.
- News wire article from: AsiaPulse News December 9, 2005 700+ words
...SEOUL, Dec 9 Asia Pulse - Daewoo Shipbuilding & Marine Engineering...industry sources said Friday. Daewoo Shipbuilding has won a US$340 million...carry 6,700 vehicles. A Daewoo Shipbuilding official said the company...
- POSCO CONSORTIUM SUBMITS FINAL BIDS FOR DAEWOO SHIPBUILDING.
- News wire article from: AsiaPulse News October 13, 2008 700+ words
...controlling stake in the Daewoo Shipbuilding & Marine Co...a 31 per cent stake in Daewoo Shipbuilding and is managing the sale...priority negotiator for Daewoo Shipbuilding as early as Oct. 25 after...
- POSCO SAYS IT WILL BID ALONE FOR DAEWOO SHIPBUILDING.
- News wire article from: AsiaPulse News October 14, 2008 700+ words
...solo bid for a controlling stake in Daewoo Shipbuilding & Marine Engineering Co...push for a proposed acquisition of Daewoo Shipbuilding in the form of a sold bid," POSCO...the stake each side would hold in Daewoo Shipbuilding. With GS dropping its joint bid...
- DAEWOO SHIPBUILDING: BP ORDERS GIANT USD380 MILLION RIG.(Daewoo Shipbuilding...
- Newspaper article from: European Report November 14, 2001 700+ words
Daewoo Shipbuilding has announced a USD380 million...shipyards. A spokesman for Daewoo Shipbuilding has indicated that BP is =considering...platforms. The South Korean =group Daewoo Shipbuilding and Marine Engineering has indicated...
Source: HighBeam Research, PRELIMINARY BIDDING FOR DAEWOO SHIPBUILDING TO END BY SEPT. 9.