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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5,560 KRW | -0.89% | -1.77% | -18.83% |
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+7.54% | 17.78B | |
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+12.48% | 11.88B | |
-0.23% | 10.66B | |
+3.37% | 9.55B | |
+5.01% | 8.28B |
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- KG And Cactus Reportedly Seek To Acquire Dongbu Steel