The Wall Street Journal reported yesterday that Korea Electric Power Corp (Kepco) has retained Barclays Plc to sell 20% shares in Bayan Resources (BYAN) and a possible divestment of 1.2% stake in Adaro Energy (ADRO). Kepco acquired 20% shares of BYAN four years ago for US$500 million, that time at almost 10 times BYAN’s equity.
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