Korean Aerospace Industries has rejected a bid by Korean Air to buy a stake worth KRW1.05 trillion ($926 million) even though the airline was the only bidder.
KAI shareholders will now need to decide if they plan to hold a second round of bidding.
Korean Air’s bid for KAI stake fails
Korean Aerospace Industries has rejected a bid by Korean Air to buy a stake worth KRW1.05 trillion ($926 million) even though the airline was the only bidder.
KAI shareholders will now need to decide if they plan to hold a second round of bidding.