Goldman Sachs is expected to invest about $555 million in South Korean private equity fund MBK Partners in its bid for Woori Finance Holdings, Reuters reports. The second round of bidding will close on August 17. MBK Partners-led consortium will offer to acquire a 30% stake in Woori in the preliminary bidding. MBK Partners, TStone and Vogo Fund are in the race for the up to $6 billion government stake sale. Currently, MBK Partners has teamed up with local lender Korean Federation of Community Credit Cooperatives and is about to finalize the deal with Goldman and Busan Bank, another South Korean regional bank.
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