Kumho Industrial hires Credit Suisse for Asiana Airlines stake sale

Kumho Engineering & Construction

25/04/2019 07:53

SEOUL, April 25 (Reuters) - South Korea's Kumho Industrial
Co Ltd  002990.KS  said on Thursday it has hired Credit Suisse
to manage the sale of its stake in Asiana Airlines  020560.KS . 
    Kumho Industrial, the biggest shareholder of South Korea's
second-biggest carrier, said in a statement it will quickly
proceed with the sales process. Creditors of Asiana Airlines
said previously that they target the stake sale by the end of
this year.

 (Reporting by Heekyong Yang and Hyunjoo Jin; editing by
Christian Schmollinger)
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