South Korea activist fund KCGI eyes stake in Asiana Airlines

[SEOUL] South Korea's activist fund KCGI, the No 2 shareholder in the parent company of Korean Air Lines, is interested in buying rival carrier Asiana Airlines, KCGI chief executive officer Kang Sung-boo told Reuters on Monday.

KCGI is in talks with several local and overseas entities to form a consortium to join the bidding for Asiana Airlines, which is expected to receive initial bids on Sept 3, Mr Kang said, without elaborating further. 

REUTERS