MBK wins auction for CNS in Taiwan

MBK Partners of Korea to buy 60% of China Network Systems for around $1.5 billion.

China Network Systems CNS has confirmed that MBK Partners is the winning bidder in an auction to buy 60% of the company. The price is not known but media reports speculate that it is around NT$50 billion $1.5 billion.

MBK Partners is a Korea-based private equity fund founded by Michael Kim, the high-profile figure who was previously head of Carlyle in Asia.

CNS is 80% owned by Taiwan's...

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