ADIC, two other firms in Daewoo Eng deal -source

Tue Nov 3, 2009 4:19am EST
 
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SEOUL, Nov 3 (Reuters) - Abu Dhabi Investment Company (ADIC) and two other foreign companies are in the bidding for South Korea's Daewoo Engineering & Construction Co Ltd (047040.KS), a company source from Daewoo Engineering with knowledge of the deal said on Tuesday.

Private equity firm MBK Partners has dropped out of the bidding, while AC Development of the United States and Saudi Arabia's investment company S&C International were in the auction, the source told Reuters. (Reporting by Cho Mee-young and Kim Yeon-hee; Editing by Jacqueline Wong)

 

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