Kepco trims stake in maintenance unit, raises $97 million

The Korean power producer sells a 5% block in Kepco Plant Service & Engine on a day when global investors are focused on the US government’s sell-down in AIG.

Kepco trims stake in maintenance unit, raises $97 million

It didn’t turn out to be as busy a start to the week as market participants expected when stocks rallied at the end of last week, partly because weak China trade data dampened the enthusiasm a bit. Global investors were also busy on Monday assessing the US Treasury’s massive sell-down of its stake in American International Corp AIG, making it tough for smaller deals to compete for attention.

The AIG block was priced at...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES