Korea Telecom shortlists six

Three European and three US houses have made it through to the second round for the company''s forthcoming ADR.

Jackie Horne

April 11, 2001

Presentations for a roughly $2.3 billion deal will take place on Monday. The company has said that it will appoint one European house and one US house from a shortlist comprising: Credit Suisse First Boston (classifying itself this time as a European house), Goldman Sachs, ING Barings, Morgan Stanley, Salomon Smith Barney and UBS Warburg.

A decision is expected fairly quickly despite recent comments from the Deputy Finance Minister that the government needs to maintain a flexible privatization timetable. MOFE official Kim Jin Pyo was reported on domestic television arguing that the government needs to be careful with its timing because it is trying to sell a large number of shares in a number of state-owned companies.

Sign In to Your Account 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.