Korea Deposit Insurance sells 2% stake in Woori on privatization scheme2021.04.09 13:53

korea deposit insurance sells 2 stake in woori on privatization scheme2021 04 09 1353

Sumary of Korea Deposit Insurance sells 2% stake in Woori on privatization scheme2021.04.09 13:53:

  • (KDIC) sold 14,445,000 shares in Woori Financial Group in block trade before the market opened on Friday for 149.3 billion won ($133.6 million) in line with the government`s privatization scheme on the financial group whose mainstay bank had been bailed out with tax funds..
  • The sale tantamount to a 2 percent stake brings down government ownership in the holding company from 17.25 percent, valued at 1.3 trillion won on Thursday closing price, the state agency said in a press statement Friday..
  • The stake sale plan, announced in June 2019, will be executed in two to three stages, with up to 10 percent stake sold per round….

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