S.Korea Maeil Dairy says it's considering whether to bid for McDonald's S.Korean operations

Maeil Holdings

02/09/2016 02:55

SEOUL, Sept 2 (Reuters) - South Korea's Maeil Dairy Industry 
Co Ltd  005990.KQ  is considering whether to bid for McDonald's 
Corp's  MCD.N  South Korean operations, a Maeil spokesman said 
on Friday.  
    The spokesman said Maeil, South Korea's second-largest dairy 
company, has not yet decided whether to proceed with an offer. 
He declined to comment on any potential acquisition partners.  
    CJ Corp and NHN Entertainment Corp were among South Korean 
companies that have previously shown interest in the fast food 
giant's business in the country.  
    Domestic media have reported said the sale could fetch 300 
billion won ($268 million) to 500 billion won, citing investment 
banking sources.  urn:newsml:reuters.com:*:nS6N17L01B 
     
($1 = 1,118.6300 won) 
     
 
 (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 MAEIL DAIRY IND