Bidders line up to buy $1.4bn stake in Korean insurer
Government of Singapore Investment Corp and Canada's Ontario Teachers Pension Plan are reported to be among the final bidders to buy stakes in South Korea's unlisted Kyobo Life Insurance in deals worth up to $1.4bn.
Reuters reports that Daewoo International and state-run Korea Asset Management Corp are offering about a one-third stake in the insurance company in two separate sales.
Sources with direct knowledge
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