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Korea M&A Corporation
Jungheung signs on for Daewoo E&C takeover
A South Korean investor consortium led by Gwangju-based construction conglomerate Jungheung Group has signed a memorandum of understanding to initiate talks surrounding the acquisition of a 50.75 percent stake in Daewoo Engineering & Construction, a filing showed Monday. Following the nonbinding agreement, the investor group -- comprising Jungheung Group and investment bank Mirae Asset Securitie..
GS E&C, Hyundai eyeing Doosan Infracore
GS Engineering & Construction (E&C) and Hyundai Heavy Industries are eyeing taking a major stake in Doosan Infraore which is being put up for sale as part of Doosan Group's business normalization. "GS E&C and Hyundai Heavy Industries are included on the shortlist to possibly purchase a major stake. Given their core strengths, it makes sense for either of the firms to participate in the upcoming ..