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Aekyung, HDC Seen as Front-runners in Race to Take Over Asiana Airlines

Aekyung, HDC Seen as Front-runners in Race to Take Over Asiana Airlines

SEOUL, Nov. 5 (Korea Bizwire) — Two consortia led by cosmetics-to-airline conglomerate Aekyung Group and construction firm Hyundai Development Co. (HDC) will be major competitors in the final auction for a stake in Asiana Airlines Inc., industry sources said Tuesday. A 31 percent stake in Asiana Airlines has been up for sale, and lead manager [...]

Aekyung, 2 Others Make Preliminary Bids for Asiana Airlines

Aekyung, 2 Others Make Preliminary Bids for Asiana Airlines

SEOUL, Sept. 3 (Korea Bizwire) — Aekyung, a South Korean activist fund and a consortium led by a local brokerage firm submitted initial bids to acquire Asiana Airlines Inc., South Korea’s second largest full-service carrier, industry sources said Tuesday. Kumho Asiana Group, the airline’s parent, and its lead manager for the sale, Credit Suisse, received [...]