Reuters - Court Approves $1.1B Woogin Conway Deal
A South Korean court has approved the $1.1 billion sale of a near 30 percent stake in water purifier maker Woongjin Coway Co Ltd to domestic private equity fund MBK Partners, Reuters reported. The sale had been halted when Coway's largest shareholder Woongjin Holdings Co Ltd applied for court receivership in late September. MBK is buying a 28.4 percent stake from Woongjin Holdings and another 2.5 percent from other shareholders.
12 November 2012•1 min read
