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Middle East fund grp named Daewoo Eng buyer -report

Thu Nov 19, 2009 8:55pm EST

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SEOUL, Nov 20 (Reuters) - A consortium including a Middle East-based fund and an investment fund was picked as the preferred buyer for a controlling stake in Daewoo Engineering (047040.KS), South Korea's MoneyToday reported on Friday.

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The deal, expected to fetch about $2.6 billion, attracted three unidentified bidders, according to Daewoo's parent Kumho Asiana Group. [ID:nSEO122466]

A spokesperson for Kumho Asiana Group declined to comment on the report. (Reporting by Rhee So-eui and Shin Jieun; Editing by Jonathan Hopfner)

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