StanChart private equity arm preferred bidder for Doosan Infracore asset -Yonhap

HD Hyundai Infracore Co

23/12/2015 06:10

SEOUL, Dec 23 (Reuters) - A private equity arm of Standard 
Chartered  STAN.L  was picked as the preferred bidder for 
industrial machinery maker Doosan Infracore Co Ltd's  042670.KS  
machine tools business, South Korea's Yonhap news agency 
reported on Wednesday.  
    Yonhap, citing unnamed sources, said the Standard Chartered 
fund outbid other bidders with an offer of around 1.36 trillion 
won ($1.16 billion).  
    Standard Chartered and Doosan Infracore could not 
immediately be reached for comment.        
 
($1 = 1,172.0600 won) 
 
 (Reporting by Joyce Lee; Writing by Se Young Lee; Editing by 
Kenneth Maxwell) 
 ((vincentsy.lee@thomsonreuters.com; +822 3704 5646; Reuters 
Messaging: vincentsy.lee.thomsonreuters.com@reuters.net; follow 
me on Twitter @Rover829)) 
 
Keywords: DOOSAN INFRACORE M&A/STANDARD CHARTERED