Tuesday, November 27, 2012

[Marine] DSME stake may sell "En Bloc"

DSME stake may sell "En Bloc"

Non-Performing Claim Resolution Fund‘s 19.1% shares of Daewoo Shipbuilding & Marine Engineering seems to be re-entrusted to Korea Development Bank and be sold.

Korea Asset Management Corporation (KAMCO)'s President Chang Young-Chul said on November 22 at a press conference, "Selling Daewoo's shares will go right when the prices rise"

He added handing over the stakes to KDB and selling en bloc after reconsignment would be desirable.

He said selling en bloc with KDB's 31.3% stakes is in line with the purpose of maximization of collecting public funds.




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