Anheuser-Busch InBev NV’s $5.8 billion purchase of Oriental Brewery Co. has vaulted Deutsche Bank AG to the top of South Korea’s merger league table, putting the firm on course for a record advisory year in the country.
South Korea named BS Financial Group Inc. and JB Financial Group Co. preferred bidders for two regional banks as the government sells units of Woori Finance Holdings Co., the country’s largest financial group by assets.
South Korea received a first round of offers to buy Woori Finance Holdings Co.’s two regional banks as part of the government’s latest attempt to privatize the nation’s biggest financial group by assets.
The sale of Woori Investment & Securities Co. in the biggest takeover of a South Korean broker may spark consolidation among local securities firms, furthering the government’s goal of creating a national champion.
TStone Corp., a South Korean private-equity fund that’s considering a bid for Woori Finance Holdings Co., is in talks with U.S. buyout firm J.C. Flowers & Co. to jointly buy the stake, a person with knowledge of the matter said.