Korea Development Bank-owned PE fund completes $875m Daewoo Engineering share stake | AltAssets Private Equity News

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Korea Development Bank-owned PE fund completes $875m Daewoo Engineering share stake

29 Dec 2010

A private equity fund managed by the state-owned Korea Development Bank has completed the acquisition of a KRW1trn ($874.5m) stake in South Korean construction company Daewoo Engineering& Construction in a bid to help the company's struggling parent restructure.

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