Woori Bank minority shares put up for sale

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According to the resolution by the Public Funds Oversight Committee, public announcement on the sale of Woori Bank minority shares will be made from October 27, Monday. Korea Deposit Insurance Corporation‘s 18% stake in Woori Bank will be put up for tender.

To encourage active participation of investors, additional call options of 0.5% per share will be granted to successful bidders. Highest tenderers can exercise their call options anytime within three years since the issuance.

The bid will be closed on November 28 and the final winners will be announced in December.

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