Category: Daewoo

Reuters reports this morning that Electrolux has agreed to begin takeover talks with creditors of South Korea’s Daewoo Electronics , a source with direct knowledge of the matter said.

Reuters reports today that an unnamed source has stated that Daewoo Electronics top shareholders have written to Electrolux. There’s no prizes for guessing the general content of that letter.

Reuters reports today that Entekhab Industrial Group has threatened to take legal action to stop the sale of unlisted Daewoo Electronics Co Ltd after the main shareholders of Daewoo decided to drop the an earlier deal with the Iranian group over funding uncertainties.

The planned sale of Daewoo Electronics to Entekhab Industrial Group for 577.7 billion won ($534.9 million) has collapsed after the Iranian company failed to make a full payment, the South Korean company’s creditor said.

Unlisted Iranian appliance maker Entekhab Industrial Group will sign a deal soon to buy South Korea’s Daewoo Electronics for about 577.8 billion won ($513 million), Daewoo’s leading creditor said on Wednesday. Woori Bank, which represents creditors-turned-shareholders of the unlisted Korean firm,…

Obviously not wishing to be left out of the seemingly mad rush towards Poland to build appliances, South Korean conglomerate Daewoo wants to invest 100 million zlotys in Poland to build a refrigerator factory, newspaper Rzeczpospolita reported on Today but giving no sources.

Reported this morning from various primarily Indian sources is that Daewoo is up for grabs and Videocon is favourite contender to emerge thus far to potentially acquire the South Korean consumer goods giant Daewoo Electronics with a bid of $650 million.

A senior citizen, hands loaded with provisions, slowly scales a steep, winding flight of stairs, halting now and then to catch his breath and survey his progress. On reaching the desired floor, the man shuffles to a door, fishing a key out of his pocket. He bends over, fumbles with the lock for a…