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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.