Tuesday, November 13, 2012

[Marine] Kamco sells DSME stake

Kamco sells DSME stake

Daewoo Shipbuilding & Marine Engineering's second-largest shareholder Korea Asset Management Corporation (KAMCO) is looking into disposal of part of its 19.1% shares on Daewoo through a block deal.

According to sources from financial industries, KAMCO now considers sale of 5% shares en bloc by block sale.

It seems that KAMCO aims to encash some of its shares before the deadline for bad-credit liquidation fund on November 22.

An official from KAMCO said "We are looking into selling some of our shares on Daewoo in block deal within this month, but details, such as date, prices, volume, etc., have not been decided yet."



Published : November 12, 2012


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