S.Korea KG Group says not chosen to buy McDonald's S.Korea unit -Money Today

KG Chemical

26/09/2016 05:19

SEOUL, Sept 26 (Reuters) - South Korea conglomerate KG Group 
said its consortium with NHN Entertainment Corp  181710.KS  was 
not chosen as the preferred bidder to buy McDonald's Corp 
 MCD.N  South Korean business, a South Korean online publication 
said on Monday, citing KG Group.   
    The KG Group-NHN consortium was one of two bidding groups, 
alongside a consortium of private equity firm Carlyle Group LP 
 CG.O  and South Korean dairy firm Maeil Dairy Industry Co Ltd 
 005990.KQ , that were in contention for McDonald's Korean 
business, South Korean online media Money Today reported earlier 
on Monday, without citing a source.  urn:newsml:reuters.com:*:nL3N1BW1DX 
    Spokesmen for KG Group and Maeil Dairy could not be 
immediately reached.  
    Spokesmen for Carlyle Group and NHN Entertainment Corp 
declined comment.  
    A spokeswoman for McDonald's South Korean business could not 
be immediately reached.  
     
 
 (Reporting by Joyce Lee; Editing by Kenneth Maxwell) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: MCDONALDS SALE/SOUTHKOREA