All posts tagged Korea Express

Asiana Air Lines and Daewoo E&C to sell their stakes in Korea Express

There has been speculation that Korean companies Daewoo Engineering & Construction (E&C) and Asiana Air Lines are likely to sell their stakes in Korea Express, the listed Korean shipping company.  Daewoo E&C has a 5.32% stake and Asiana Air Lines …

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CJ Group completes financing for KOREX acquisition

CJ Group has purchased a 7.54 percent stake (434,000 shares) in its unlisted logistics unit, CJ GLS, through a paid-in capital increase from KDB Capital in order to

CJ to sell Samsung Life shares to finance KOREX acquisition

Maeil Business News has reported that South Korean business conglomerate CJ Cheiljedang Corp. has announced its decision to sell 3 million shares, worth 256.5 billion won ($222 million),

Fall in share prices cast shadow over M&As

Local news media Yonhap News has reported on the impact this bear market has had on the nation’s large takeover deals. According to the report, the main Korea

CJ to acquire Korea Express for $1.75 billion

According to the Korea Herald, CJ Group said on July 11 that it has signed a contract to purchase a 37.62 percent stake in Korea Express for 1.85

CJ defeats POSCO-Samsung SDS, wins Korea Express

The Korea Herald has reported that the creditors of Korea Express have chosen CJ Group as the preferred bidder for the acquisition. CJ won the battle by offering

Last call for final bids on Korea Express

According to Maeil Business News, the creditors of Korea Express (KOREX), South Korea’s largest logistics company by revenue, will select a preferred bidder for the 37.6 percent stake

Korea Express sale may gain speed

According to the Korea Herald, Asiana Airlines announced on Friday that it intends to buy three affiliate units of Korea Express. It will purchase Kumho Terminal for 255.5

Korea Express sale on track for September

MK Business news reported that the creditors of Korea Express Co., led by Korea Development Bank (KDB), have agreed to sell the logistic company’s three affiliates separately from

Korea Express running behind schedule

JoongAng Daily has reported that the sale of Korea Express has been delayed due to differences in opinion amongst major shareholders and bidders on the inclusion of the

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