Monday, July 2, 2007

Korea Deposit Hires Citigroup, Deutsche to Sell Kepco Stake, People Say

(Bloomberg) -- Citigroup Inc. and Deutsche Bank AG
were among four banks hired by Korea Deposit Insurance Corp. to
sell a $1.43 billion stake in South Korea's largest utility, two
people with knowledge of the matter said.

Woori Investment & Securities Co. and Good Morning Shinhan
Securities Co. will also help arrange the sale of 32.2 million
shares in Korea Electric Power Corp., the people said, declining
to be identified because details aren't public.


Read more at Bloomberg Emerging Markets News

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