South Korea: Six companies have made bids for Hyundai Cement. Ssangyong Cement Industrial, Halla Cement, IMM Private Equity, LK Investment Partners, Hyundai Sungwoo Holdings and PineStreet Group have submitted terms to acquire a 84.6% stake in Hyundai Cement, according to the Maeil Business Newspaper. Creditors and sales advisors of the cement producer intend to choose a preferred bidder before the end of February 2017. The sale is expected to raise up to US$525m.
Six companies join bid for Hyundai Cement
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