{"id":346422,"date":"2011-03-29T05:44:16","date_gmt":"2011-03-29T05:44:16","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/29\/s-korean-giants-in-takeover-race\/"},"modified":"2011-03-29T05:44:16","modified_gmt":"2011-03-29T05:44:16","slug":"s-korean-giants-in-takeover-race","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/29\/s-korean-giants-in-takeover-race\/","title":{"rendered":"S Korean giants in takeover race"},"content":{"rendered":"

\n \t\t
\n 29 March 2011<\/span>
\nLast updated at <\/span>01:44 ET<\/span>
\n<\/span><\/p>\n

Three of South Korea’s biggest companies have bid for a controlling stake in Korea Express, the country’s biggest logistics firm.<\/p>\n

POSCO, Lotte Group and CJ Group have all submitted preliminary bids to buy 37.6% of the firm as they look to reduce their transport costs.<\/p>\n

The stake has been put up for sale by Daewoo Engineering and Construction.<\/p>\n

The final bids are due on 13 May and the preferred bidder will be announced on 16 May.<\/p>\n

Analysts are expecting a strong response, with some predicting that the stake sale could fetch up to 2 trillion won ($1.8bn; \u00a31.1bn).<\/p>\n

The sale will be keenly watched as an indicator of merger and acquisition activity in the country this year.<\/p>\n<\/p><\/div>\n<\/p>\n

Read more:
\nS Korean giants in takeover race<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

29 March 2011 Last updated at 01:44 ET Three of South Korea’s biggest companies have bid for a controlling stake in Korea Express, the country’s biggest logistics firm. POSCO, Lotte Group and CJ Group have all submitted preliminary bids to buy 37.6% of the firm as they look to reduce their transport costs. The stake has been put up for sale by Daewoo Engineering and Construction<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-346422","post","type-post","status-publish","format-standard"],"yoast_head":"\nS Korean giants in takeover race - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/29\/s-korean-giants-in-takeover-race\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"S Korean giants in takeover race - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"29 March 2011 Last updated at 01:44 ET Three of South Korea's biggest companies have bid for a controlling stake in Korea Express, the country's biggest logistics firm. 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