S.Korea's Asiana Airlines, affiliates jump ahead of preliminary bid closure

Asiana IDT

03/09/2019 02:04

** Shares of Asiana Airlines  020560.KS  and its affiliates
jump, as a preliminary bid for the carrier by its top
shareholder Kumho Industrial  002990.KS  is due to close 
    ** Kumho and Credit Suisse, which is in charge of managing
sales of Kumho's stake in Asiana, are due to close the
preliminary bid for the deal at 0500 GMT, Tuesday  urn:newsml:reuters.com:*:nL4N24Q0JZ
    ** Mirae Asset Daewoo  006800.KS  is considering ways to
take part in the deal as a financial investor - co official to
Reuters 
    ** Retail-focused Aekyung Group and local activist fund KCGI
also have expressed their interests in taking over Asiana -
local media  urn:newsml:reuters.com:*:nL4N25F1SV
    ** Asiana shares rise more than 7%, while its budget arm Air
Busan  298690.KS  and Asiana IDT  267850.KS  gain more than 4%
each
    ** Shares of Kumho Industrial rise more than 2% 
    ** The broader KOSPI market  .KS11  was trading up 0.2%

 ((Hayoung.Choi@thomsonreuters.com; +82 2 6936 1468))