S Korean private equity group targets Woori

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By Song Jung-a in Seoul

Published: December 16 2010 09:56 | Last updated: December 16 2010 09:56

Vogo Fund, a South Korean private equity group, wants to take a controlling stake in Woori Financial Group, amid growing uncertainty over the government’s $6bn-plus privatisation of the country’s largest lender.

Lee Jae-woo, a managing partner at Vogo, said the fund was contacting potential investors to raise money to target a controlling stake in Woori.

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