Korea’s Hyundai Cement to be sold?

It is being reported that the Korea Development Bank (a state-run operation) and other creditors are seeking to sell their 95% stake in Hyundai Cement. An investment bank is expected to be chosen by July to continue with the sale of the cement company, which it is understood have been previously bailed out by local banks t. Accounting for an estimated 10% of the cement sale, it is believed that interest in the sale would be mostly from local companies.
May 24, 2016 Read time: 1 min

It is being reported that the Korea Development Bank (a state-run operation) and other creditors are seeking to sell their 95% stake in 429 Hyundai Cement.

An investment bank is expected to be chosen by July to continue with the sale of the cement company, which it is understood have been previously bailed out by local banks.

Accounting for an estimated 10% of the cement sale, it is believed that interest in the sale would be mostly from local companies.

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