Bidders invited for S.Korea's Daewoo Shipbuilding

Newswire

SEOUL, Aug 21 (Reuters) - Creditors of Daewoo Shipbuilding & Marine Engineering Co Ltd are formally seeking bidders for a 50.4 percent stake in the world's No. 3 shipbuilder by next Wednesday, its top shareholder and lead manager said. Korea Development Bank (KDB) and state-run Korea Asset Management Corp are the offering 96.4 million shares they hold in Daewoo Shipbuilding, according to an invitation notice carried in early Friday edition of the Korea Economic Daily. As expected, ...

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