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 | ||
5,020 KRW | -2.14% | -2.52% | -26.72% |
1st Jan change | Capi. | |
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-26.72% | 249M | |
-1.05% | 74.34B | |
-0.76% | 46.86B | |
+6.80% | 34.35B | |
+9.37% | 18.1B | |
+12.81% | 11.92B | |
-3.01% | 10.43B | |
-20.72% | 10.33B | |
-1.35% | 9.04B | |
-11.01% | 7.84B |
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- KG And Cactus Reportedly Seek To Acquire Dongbu Steel