Aekyung, Stonebridge Capital join hands for Asiana bid
Oct 21, 2019
Retail-to-flight conglomerate Aekyung Group said Monday that it has joined hands with home-grown equity fund Stonebridge Capital to form a consortium to acquire Asiana Airlines.The two firms participated in the initial bid separately and were shortlisted to buying a controlling 31 percent stake in the country’s second-largest full-service carrier.Aekyung said in a statement that the partnership with Stonebridge Capital is based on its “firm determination” to acquire Asiana, as