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TStone In Talks For Woori Stake Buy

Banking and finance buyout firm JC Flowers is in discussions with Korean private equity firm TStone to jointly buy a stake in Woori Finance.

    Banking and finance buyout firmJC Flowersis in discussions with Korean private equity firmTStoneto jointly buy a stake inWoori Finance,Bloombergreports. The government is selling a 30% stake in Woori valued at $3.3 billion.

    Interested firms include local funds Vogo Investment and MBK Partners. The firms are required to submit their proposals by Aug. 17, 2011.

    Click here for the story fromBloomberg.

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