Select a page

Banking News

Newbridge likely to join Chohung bidding

Newbridge likely to join Chohung bidding

(South Korea) - American venture capital firm Newbridge Capital is expected to join with two other groups and form a consortium to bid for Korea's Chohung Bank, according to Seoul reports. Newbridge, which already owns 51 percent of Korea First Bank, is expected to team with Japan's Shinsei Bank and US-based Cerberus Fund.

Four bidders, including a consortium run by Shinhan Financial Group, are conducing due diligence on Chohung.

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.