COMPANIES A consortium led by an Abu Dhabi investment fund and a group led by a US builder were on Monday selected as preferred bidders for a controlling stake in South Korea’s Daewoo Engineering & Construction.
Kumho Asiana Group – a South Korean conglomerate – said it would enter detailed negotiations with Jabez Partners and TR America over the sale of its stake of 50 per cent and one share in South Korea’s third-largest builder.
