Odin to sell $143m stake in Korea Aerospace Industries

Odin Holdings, a private equity firm, will sell its W153bn ($143m) stake in Korea Aerospace Industries overnight on February 10. The secondary share placement will comprise up to 4.9m shares, representing about 5% of the company, according to a term sheet seen by EuroWeek Asia.

  • By Clare Hammond
  • 10 Feb 2014

The price range is W30,360-W30,990, which equates to a 3.0% to 5.0% discount to the stock’s February 10 close of W31,950. The deal is a full exit and all proceeds will go to Odin.

The books for the trade had opened at the time of writing, and were ...

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