GM may unload part of its Daweoo Tech unit (Dealscape

General Motors Corp. intends to discuss selling a stake of its GM Daewoo Auto & Technology unit to Korea Development Bank, opening up talks on a third continent as the wounded automaker plots a global restructuring.

Nick Reilly of GM Asia Pacific was quoted by reporters in Seoul as saying the automaker was talking to KDB. But Reilly reportedly denied reports from South Korea that the bank had requested a 30% stake. KDB is already Daewoo's second-largest shareholder with about 28%, behind GM's 51% stake.

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NOT A SUBSCRIBER? GM may unload part of its Daweoo Tech unit Posted on May 1, 2009 3:29 PM General Motors Corp. intends to discuss selling a stake of its GM Daewoo Auto & Technology unit to Korea Development Bank, opening up talks on a third continent as the wounded automaker plots a global restructuring. Nick Reilly of GM Asia Pacific was quoted by reporters in Seoul as saying the automaker was talking to KDB. But Reilly reportedly denied reports from South Korea that the bank had requested a 30% stake. KDB is already Daewoo's second-largest shareholder with about 28%, behind GM's 51% stake. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 187 in-depth reports of M&A deals in the Automotive sector 154 articles related to Korea Development Bank 41 company pages related to Korea 32 articles related to GM Daewoo 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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