Government’s attempt to privatize Woori Finance likely to succeed

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Government’s fourth attempt to privatize Woori Finance Holdings looks very likely to succeed.

Shaun Cochran, head of research in Seoul at CLSA, “This is the first time in a decade that I’ve felt like the plan has a chance. The most logical thing has always been to break it up and find the most interested bidder for each part”

Kim Eun Gab, Seoul-based analyst at NH Investment & Securities Co., “The likelihood of a sale looks much higher this time. The plans are more detailed and realistic”

(source: Bloomberg)

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read related news article

http://www.bloomberg.com/news/2013-07-09/woori-sale-seen-succeeding-at-last-with-breakup-real-m-a.html

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