Carlyle, Bain among shortlisted bidders for stake in Korea’s Woongjin

FILE PHOTO: The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato

Carlyle Group and Bain Capital are among four shortlisted bidders for a stake in South Korean water purifier rental firm Woongjin Coway Co Ltd, the Korea Economic Daily reported on Tuesday.

Woongjin Group said in June it is selling a 25.08% stake in Woongjin Coway, just three months after the group regained control of the unit for 1.89 billion won ($1.56 million).

The four bidders include South Korea’s SK Networks and a local consortium of China’s Haier, the report said. Woongjin Coway plans to receive binding bids in September, the report said.

Woongjin was not immediately available for comment.

Reuters