South Korea's activist fund KCGI, the second-largest shareholder in the par...
KCGI is in talks with several local and overseas entities to form a consortium to join the bidding for Asiana Airlines, which is expected to receive initial bids on Sept.3, Kang said on Monday, without elaborating further.
Kumho Industrial , the top shareholder of Asiana Airlines, said in April it would sell its entire 31.05% stake in the debt-ridden carrier to keep it afloat. The stake is worth 341 billion won as of Friday’s closing price. Korean’s chip-to-refinery conglomerate SK Group and retail-focused Aekyung Group, which also has a stake in budget carrier Jeju Air , were named as potential suitors by local media, but the two firms did not publicly said whether they were interested in the bidding or not.
“I believe the entire airline industry in Korea is in crisis. The industry needs to undergo a change,” Kang told Reuters over the phone. Shares of Asiana Airlines, South Korea's second-largest carrier after Korean Air Lines, were trading up 1.8% in early trade, while affiliate Asiana IDT (
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
East Coast, Midwest brace for storms while dangerous summer heat returns to the SouthA stalled weather system that has been bringing rain to parts of the Southeast will begin to slide northward over the next day bringing with it pop up thunderstorms.
Baca lebih lajut »
Stylist Lolita Jacobs’s Effortlessly Chic Wedding in the South of France“We didn’t have a dress code or any other wedding rules. The goal was to treat our guests and ourselves with simplicity, laughter, and an authentic family feeling,” says the bride.
Baca lebih lajut »
South African Domingo takes over as Bangladesh head coachBangladesh appointed South Africa Russell Domingo as their head coach on Saturda...
Baca lebih lajut »
Angelina Jolie's Oldest Son Maddox Will Reportedly Study at South Korea’s Yonsei UniversityAngelina will drop him off there this month.
Baca lebih lajut »
SoftBank to Lend Founder and Employees Billions to Invest in FundSoftbank is leaning on its employees, including its chief executive, for cash as the firm rushes to raise an ambitious technology fund amid volatile markets.
Baca lebih lajut »