FACTBOX-Major South Korean state assets up for sale

Wed Nov 11, 2009 7:48am GMT
 
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 Nov 11 (Reuters) - Following are major companies and stakes
which the South Korean government and state-run agencies plan
to sell. [ID:nSEO303606]
 COMPANY                       STAKE (%)   TIME      ESTIMATED
VALUE (won)
 Woori Finance (053000.KS)       23      immediate        3
trln
 Korea District Heating Corp*  about 24    Dec      up to 142
bln
 Korea Power Eng                 20        Nov            186.5
bln
 Grand Korea Leisure**           28        Nov            222.7
bln
 Incheon Int'l Airport           49        N/A          2
trln***
 KDB Financial Group       minority stake  by May 2014     
N/A
 Korea Life                      49        post-2010 IPO    1.4
trln****
 GM Daewoo Automotive            17        by 2012        213
bln****
 NOTES:
 * Korea District Heating IPO likely to be delayed to
December.
 ** Casino operator Grand Korea Leisure will be listed this
month.
 *** Net asset value based on 2007 financial results.
 **** Government's estimation as of January.
 (Reporting by Kim Yeon-hee in SEOUL; Editing by Jonathan
Thatcher and Muralikumar Anantharaman)



 

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