S.Korea's CJ Group says did not submit final bid for Coway stake

Coway

30/11/2015 23:33

SEOUL, Dec 1 (Reuters) - South Korean conglomerate CJ Group 
decided not to submit a final bid for a controlling stake in 
water purifier firm Coway Co Ltd  021240.KS , the group's 
holding company CJ Corp  001040.KS  said in a regulatory filing 
on Tuesday. 
    CJ in October said it participated in a round of preliminary 
bidding for private equity MBK Partners' 30.9 percent stake in 
Coway. The firm did not elaborate on why it opted not to submit 
a final bid.  
 
 (Reporting by Se Young Lee; Editing by Stephen Coates) 
 ((vincentsy.lee@thomsonreuters.com; +822 3704 5646; Reuters 
Messaging: vincentsy.lee.thomsonreuters.com@reuters.net; follow 
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Keywords: COWAY M&A/CJ GROUP