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...

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