KG Chemical Corporation (KOSE:A001390) is close to purchasing Dongbu Steel Co., Ltd. (KOSE:A016380), according to its major creditor. The Korea Development Bank Dongbu Steel's largest shareholder said it had selected a consortium comprised of KG Chemical and Cactus Private Equity Co., Ltd. as the preferred bidder for the steelmaker. The deal is valued at around KRW 500 billion ($440.84 million).
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5-day change | 1st Jan Change | ||
4,920 KRW | +0.10% | -0.91% | -28.18% |
1st Jan change | Capi. | |
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-28.18% | 24Cr | |
+15.06% | 8.36TCr | |
-10.18% | 4.25TCr | |
+6.86% | 3.35TCr | |
+16.94% | 1.93TCr | |
+11.53% | 1.15TCr | |
-12.85% | 928.18Cr | |
+2.50% | 925.55Cr | |
-3.49% | 850.62Cr | |
+6.20% | 833.07Cr |
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- KG And Cactus Reportedly Seek To Acquire Dongbu Steel