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[THE INVESTOR] South Korean builder Dongbu Corp. has signed an M&A agreement with Keystone Echo Prime, a private equity fund, the company said on June 27.
The PEF was created by Keystone Private Equity to take over Dongbu. The buyout cost is estimated at 206 billion won (US$175.14 million).
Dongbu Corp.’s shares surged 18 percent to 12,900 won when the local stock market opened on June 28.
Park Yuna (yunapark@heraldcorp.com)
The PEF was created by Keystone Private Equity to take over Dongbu. The buyout cost is estimated at 206 billion won (US$175.14 million).
Dongbu Corp.’s shares surged 18 percent to 12,900 won when the local stock market opened on June 28.
Park Yuna (yunapark@heraldcorp.com)
