Woori Finance Holdings closed its preliminary bidding to privatize the largest financial company in South Korea.
Woori Finance Holdings
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The South Korean government said it received preliminary offers for two regional banks from Woori Finance Holdings.
The sale of Woori Finance Holdings Co. was expected to succeed and earn about US$10.2 billion after four attempts.
South Korea's unlisted Kyobo Life Insurance has decided not to bid for a 6 trillion Korean won ($5.2 billion) controlling stake in Woori Finance Holdings.
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