Newsletter

9 investors including Dunamu and Hantoo participated in the main bid for the sale of the remaining stake in Woori Financial

7 Investors Exceeding Pre-Decision Pre-Decision Price… 1.73 times the maximum sales volume
The final successful bidder was decided on the 22nd.

(Woori Financial Group)

Nine investors participated in the main bid for the sale of the remaining stake in Woori Financial Group.

The Financial Services Commission (FSC) announced that nine investors submitted bid proposals as a result of the closing of the final bidding for the desired quantity for the sale of the remaining stake in Woori Financial Group at 5 pm on the 18th.

Although the FSC did not officially disclose it, the market is said to have submitted bid proposals by Dunamu, Hoban Construction, Korea Investment Holdings, Harim, Eugene PE, Woori Employee Stock Ownership Association, and ST International (formerly Samtan) for the main bid.

Among the investors who proposed the bid, a total of 7 investors exceeded the expected price decided by the Public Fund Management Committee on the 17th, and the amount was 1.73 times the maximum sale volume (10%).

The Confucius Institute plans to evaluate the above investors according to the criteria for selecting a successful bidder for the sale of the remaining stake in Woori Financial Group. The proportion of reflection of non-price factors should be evaluated according to the objective standards and procedures set by the Self-Defense Commission based on the three principles of privatization: maximizing public fund recovery, rapid privatization, and desirable development direction of the domestic financial industry in accordance with the Financial Holding Company Act when collecting public funds. policy.

The final successful bidder will be selected and announced at 2 pm on the 22nd.

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