Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Daewoo Electronics Up For Sale
Nov 27, 2007
 Printable format
 Email this Article
 Search

Creditors of South Korea's Daewoo Electronics are putting the company up for sale again, after talks with an Indian-led consortium on a proposed deal worth US$746 million failed earlier this year due to a price disagreement.

The creditors will accept bids for the home appliances and television manufacturing arm of the Daewoo Group from Nov. 26-Dec. 17, and preferred bidders would be picked in January, a Daewoo spokesman said.

The creditors had scrapped a plan in February to sell the company after failing to close a deal with a consortium comprising India's Videocon Industries Ltd. and RHJ International, the holding company of U.S. buyout fund Ripplewood.

Domestic creditors own 97.5% of unlisted Daewoo Electronics, which was placed under a debt rescheduling program after its parent group went bankrupt in 1999. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows