Summary
A CONSORTIUM led by the Prudential and billionaire financier George Soros has emerged as frontrunner in a bid for State-owned South Korean asset manager Daehan Investment Securities, writes Bill Condie.
The Korean government said the group had been picked as lead negotiator and added that local financial firm Dongwon Finance Holding was top bidder for a second asset manager, Korea Investment Securities. The Pru's consortium includes buyout fund Olympus Capital and Seoul Securities, a Korean brokerage owned by Soros. The finance firms are each expected to fetch between $430 million (232 million) and Pounds $520 million.See the full content of this document
Extract
Pru Leads the Race to Buy Daehan of Korea
The investment would mark the British insure...
See the full content of this document
Sponsored links
