31.08.2015 - Abu Dhabi fund interested in Woori
Abu Dhabi's sovereign wealth fund has shown interest in buying a stake in Woori Bank, Korea's second-largest lender by assets, the Financial Services Commission (FSC) said. The FSC controls Woori through the state-run Korea Deposit Insurance Corp., which holds a 51 percent stake in the bank. "The Abu Dhabi Investment Authority (ADIA) said it is interested in buying shares in Woori Bank. The vice chairman will leave for the country soon to meet officials of the fund," an FSC spokesman said. Another official said that FSC Vice Chairman Jeong Chan-woo also plans to visit Saudi Arabia, Dubai and Kuwait on the one-week trip...............................................Full Article: Source
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