The Korea Herald

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Bidders for Hanjin’s energy subsidiaries shortlisted

By 최희석

Published : Aug. 11, 2016 - 09:29

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[THE INVESTOR] Potential new owners of Hanjin Heavy Industries’ three energy subsidiaries have been narrowed down to six, local media reported on June 10. The final bids have to be submitted on Sept. 26, and finalized the following month.

The shortlisted bidders are IMM Investment, Keystone Private Equity, KDB Infrastructure Investments Asset Management, Meritz Securities PE, Hana Financial Investment PE and Mirae N.

Hanjin Heavy's Suvic shipyard in Philippines. Hanjin Heavy's Suvic shipyard in Philippines.

 
The deal would see 100 percent of power generation firm Byeollae Energy and gas provider Daeryun E&S, and 58.34 percent of Daeryun Power exchange hands. Although Hanjin Heavy hopes to sell all three, the company is open to a deal that excludes Daeryun E&S.

By Choi He-suk (cheesuk@heraldcorp.com)