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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GIC, Canada fund among bidders for $1.4 bln Kyobo stakes: sources

Posted on 31 May 2012

Government of Singapore Investment Corp (GIC) and Canada’s Ontario Teachers Pension Plan are among final bidders to buy stakes in South Korea’s unlisted Kyobo Life Insurance, sources said, in deals worth up to $1.4 billion.
Daewoo International Corp and state-run Korea Asset Management Corp (KAMCO) are offering about a one-third stake in the life insurance company in two separate sales. The final bids for the stakes were made on Tuesday, the sources, who had direct knowledge of the matter, told Reuters………………………………………..Full Article: Source


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