Thursday, August 22nd, 2013
The bidding was for the acquisition of the 100-percent stake in Dongbu Express, including the 50.1-percent stake held by Dongbu Engineering & Construction and the 49.9-percent stake taken over in August last year by the Gaia Divx First Limited fund which exercised its tag-along rights.
Gaia Divx is a special-purpose vehicle established by eight institutional investors including Shinhan Capital and KDB Capital. The selling price for Dongbu Express is estimated at 300 billion to 350 billion won.