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Private equity groups vie for Hanaro

4 Sep 2007

The Carlyle Group and Macquarie Bank are reported by Bloomberg to be in the running to acquire a 39% stake in Hanarotelecom, South Korea’s second largest broadband internet access provider. The stake, which is valued at KRW762 billion (USD813 million), is being sold by American International Group (AIG) and Newbridge Capital. The sale may also attract bids from Providence Equity Partners, as well as from SingTel and AT&T.

South Korea, SK Broadband

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