Korea’s Woori Bank Fails to Sell, GIC and Affinity Withdraw
Posted on 12/02/2014
Singapore’s sovereign wealth fund GIC Private Limited and private equity firm Affinity Equity Partners are withdrawing their joint bid for Seoul-based Woori Bank. This is the fourth time the state-run Korea Deposit Insurance Corporation (KDIC), Woori’s major shareholder, has been trying to sell a controlling stake in the bank. Other bidders are Hanwha Life Insurance […]
- Affinity Equity Partners
- Alternatives
- Government of Singapore Investment Corporation
- Korea
- Private Equity
- Woori Bank
