State-run Korea Deposit Insurance Corp (KDIC) launched on Tuesday an up to $235 million shares selldown in Korea Electric Power Corp (KEPCO) , a source with direct knowledge of the plan said.KDIC, through its Korea Resolution & Collection Corp. unit, is offering 9.67 million KEPCO shares in a range of 25,900-26,950 Korean won each, added the source, who was not authorized to speak publicly on the matter and thus did not want to be identified.The deal could grow to almost $800 million, Thomson Reuters publication IFR reported, if KDIC sells its entire 5 percent stake in the utility.KDIC had been considering selling it for a while to recoup funds that went into normalizing banks teetering from the Asian financial crisis, a KDIC official told Reuters on Tuesday. The state-run company got the stake when Newbridge Capital acquired in 1999 what is now Standard Chartered Korea.
Korea Electric Power Corporation is a Korea-based company engaged in the generation, transmission and distribution of electricity and development of electric power resources in the Republic of Korea. Shares of KEP remained unchanged at $12.41. In the past year, the shares have traded as low as $9.20 and as high as $12.66. On average, 462968 shares of KEP exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $28.76. In the past year, the shares have traded as low as $25.28 and as high as $30.66. On average, 927397 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $28.25. In the past year, the shares have traded as low as $26.10 and as high as $30.40. On average, 851406 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 848146.
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