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TRANSPORT INDUSTRY NEWS * WORLDWIDE
* S. Korea - Kumho-Asiana Wins Auction For Bust Korea Express
Hong Kong,China -Forbes (New York,NY,USA), by Shu-Ching Jean Chen -17 Jan 2008: -- Korea Express, the largest logistics company in South Korea, looks set to be picked up by a consortium led by Kumho-Asiana Group, giving one of the country’s biggest conglomerates a critical platform to become a top global logistics player... Court officials overseeing the auction process of Korea Express told reporters on Thursday that Kumho-Asiana, through its affiliates Asiana Airlines, the country’s second-largest airliner, and Daewoo Engineering & Construction Co., was selected as the preferred bidder to buy a controlling stake in Korea Express for a reported value of about $2 billion. ..Labels: transport news worldwide
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