KUALA LUMPUR (Sept 1): Malaysia’s Petronas considering possible bid for 50.75% stake in Daewoo Engineering which Korea Development Bank owns, Maeil Business Newspaper reports, citing unidentified people in investment banking industry.
* Petronas to conduct due diligence of Daewoo Engineering’s financial status through Sept.; may participate in the bidding in Oct.
* KDB plans to complete the sale process early next year
* Related Story: KDB to Hire BofA Merrill, Mirae Asset for Daewoo E&C Stake Sale