ID :
94176
Thu, 12/10/2009 - 16:07
Auther :
Shortlink :
https://www.oananews.org//node/94176
The shortlink copeid
GS Holdings mulling sale of discount stores
By Nam Kwang-sik
SEOUL, Dec. 10 (Yonhap) -- GS Holdings, a South Korean holding company, said Thursday that it is considering selling discount and department stores under its retail unit GS Retail.
The company said in a regulatory filing, however, that it has yet to come up with
details on the sale.
GS Retail picked Barclays Capital, a global investment bank, as manager to lead
the sale of its 14 discount stores and three department stores, which have an
estimated value of 1.4 trillion won (US$1.2 billion), a company official who
requested anonymity said on Wednesday.
GS Retail plans to select a prime bidder for the deal in January and close the
deal in February, the official said.
ksnam@yna.co.kr
(END)
SEOUL, Dec. 10 (Yonhap) -- GS Holdings, a South Korean holding company, said Thursday that it is considering selling discount and department stores under its retail unit GS Retail.
The company said in a regulatory filing, however, that it has yet to come up with
details on the sale.
GS Retail picked Barclays Capital, a global investment bank, as manager to lead
the sale of its 14 discount stores and three department stores, which have an
estimated value of 1.4 trillion won (US$1.2 billion), a company official who
requested anonymity said on Wednesday.
GS Retail plans to select a prime bidder for the deal in January and close the
deal in February, the official said.
ksnam@yna.co.kr
(END)
