Kepco block

Kepco trims stake in maintenance unit, raises $97 million

The Korean power producer sells a 5% block in Kepco Plant Service & Engine on a day when global investors are focused on the US government’s sell-down in AIG.

<div style="text-align: left;"> Kepco Plant Service & Engine (KPS), which provides maintenance services for power plants and other industrial plants </div>

Anette Jönsson

September 12, 2012

It didn’t turn out to be as busy a start to the week as market participants expected when stocks rallied at the end of last week, partly because weak China trade data dampened the enthusiasm a bit. Global investors were also busy on Monday assessing the US Treasury’s massive sell-down of its stake in American International Corp (AIG), making it tough for smaller deals to compete for attention.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.