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Potential buyers of controlling stake in Korean-Japanese gaming giant Nexon have been shortlisted through a preliminary bidding process, according to news reports on March 4. Related: Amazon, Comcast, EA join list of Nexon bidders Netmarble, Kakao, global PEFs bid for Nexon takeover Managers of...
Doosan Infracore, Korea’s top construction equipment maker, said on March 4 that it has clinched a series of deals from Saudi Arabia and Uzbekistan to provide excavators and wheel loaders. Recently, Doosan Infracore bagged a deal to provide 47 excavators and wheel loaders to a firm in Saudi Arabi...
CJ CheilJedang on Feb, 28 denied rumors that it is considering buying US ingredient and flavor solutions provider Prinova Group, in a deal roughly estimated to cost 1 trillion won (US$889.44 million). “We are not at the stage to consider or express an interest in the acquisition,” a CJ CheilJed...
Amazon.com, Comcast and Electronic Arts have joined the race for Korean game company Nexon, local business newspaper Maeil Business reported on Feb. 28. “In addition to the companies already known to have participated in the preliminary bid to buy Nexon, Amazon, Comcast and EA have all submitted ...
Hana Alternative Asset Management has reportedly acquired bonds worth a 60 billion won (US$53.60 million) to finance the EchelonSeaport construction project in the US to become the first Korean entity to invest in an offshore upscale real estate development project. With a projected yield of over ...
Daewoo Shipbuilding & Marine Engineering said on Feb. 25 it has received a US$380 million order to build two liquefied natural gas-carrying ships. Under the deal with Maran Gas Maritime, the gas shipping unit of Angelicoussis Shipping Group, Daewoo Shipbuilding will build the two 174,000-cubic-met...
Kakao, Netmarble Games and a couple of leading private equity funds participated in a preliminary bid for Korea’s largest game developer, Nexon, industry sources said Feb. 22. Initially, the deal -- estimated to be worth between 10 trillion won (US$8.88 billion) and 13 trillion won -- was expecte...
Three Korean investment banks were found to have joined a consortium that is set to own a 33.3 percent stake in Cross London Trains. Led by Dalmore Capital and Equitix Investment Management, the consortium has been selected as the most preferred bidder to acquire the stake in the UK train company,...
Korea’s largest private equity fund MBK Partners has been selected as the preferred bidder to acquire global chocolatier Godiva’s operations in the Asia-Pacific region, from Turkish firm Yildiz Holding. The PEF, with some US$15 billion won assets under management as of 2017, beat competitors inc...
Samsung Heavy Industries said on Feb. 21 that it has clinched a deal worth a combined 870 billion won (US$774 million) to build four liquefied natural gas carriers. The contract was made with an American shipper, the company said in a regulatory filing without providing exact details. The ships wi...
Shareholders of South Korea’s pay television service provider D’Live are now facing an imminent threat of default, as they struggle to sell off its shares to a market competitor. Related: LG Uplus to buy No. 1 cable TV operator CJ Hello LG Uplus’ bid for CJ Hello is too high: analysts D’Liv...
POSCO Daewoo, a trading company of Korea’s largest steelmaker, POSCO, said on Feb. 13 that it has purchased a grain export terminal in Ukraine in line with its ongoing effort to expand into the food business. Under a contract with Ukrainian logistics company Orexim Group, POSCO Daewoo will acq...
Hyundai Heavy Industries, the world’s largest shipyard by sales, is set to buy its smaller local rival Daewoo Shipbuilding & Marine Engineering, the state-run Korea Development Bank said on Feb. 12. KDB said Samsung Heavy Industries has stated its intention not to join the race to take over DS...
With South Korean telecom LG Uplus moving to acquire the country’s biggest cable TV operator CJ Hellovision, attention is on whether the deal will pass regulatory muster, as local service providers struggle to compete against global streaming giants’ increasing presence in the local pay-TV market...
[THE INVESTOR] The sale of Korean-Japanese retail conglomerate Lotte Group’s financial units in Korea is among the most anticipated deals for the first half of this year due to the impact of the results. However, the lack of enthusiasm in the preliminary bidding for Lotte Card and Lotte Non-Lif...
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