A total of seven bidders participated in the main bidding for a combined more than 30 percent stake in Woori Bank, the Financial Services Commission said Friday.
The FSC had a plan sell the 30 percent stake in 4 to 8 percent splinters to multiple investors without managerial rights for the bank.
Korea Deposit Insurance Corp., the current largest shareholder of the bank, closed the bidding at 5 p.m. and seven out of 16 previously mentioned bidders submitted bids for the stake.
The seven bidders included Hanwha Life Insurance, Tong Yang Life Insurance, Kiwoom Securities and Korea Investment & Securities.
By Kim Yoon-mi (
yoonmi@heraldcorp.com)
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