Korea Electric Power Corp. (KEPCO) said Monday it is selling its coal power assets in the Philippines as it moves to restructure its overseas business. Know more:
Korea Electric Power Corp. said Monday it is selling its coal power assets in the Philippines as it moves to restructure its overseas business.
KEPCO is selling its 60-percent stake in a thermal power plant in Cebu, KEPCO SPC Power Corp. , and its 40-percent stake in SPC Power Corp. . It has appointed Samil PwC as its financial advisor for the sale. “KEPCO intends to enter into an agreement within the first half of this year. The shortlisted bidders are currently undergoing due diligence and site visits. As the marketing process drew more than the expected interests, the potential sale process has gained further traction towards a successful closing,” the company said in a statement.
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