Arab Today, arab today entekhab threatens to sue daewoo
Last Updated : GMT 02:14:28
Arab Today, arab today
Arab Today, arab today

Entekhab threatens to sue Daewoo

Arab Today, arab today

Arab Today, arab today Entekhab threatens to sue Daewoo

Tehran - Arabstoday

Iran\'s Entekhab Industrial Group threatened to take legal action to stop the sale of unlisted Daewoo Electronics Co Ltd after top shareholders of Daewoo decided to drop an earlier deal with the Iranian group over funding uncertainties. Officials from major shareholders Korea Asset Management Corp and Woori Bank said earlier this week that they planned to tap reserve bidder Swedish electronics firm Electrolux AB to revive the $513 million (Dh 1.884 billion) stake sale after rejecting a request by Entekhab to cut the acquisition price by about 60 billion won. The move is the latest twist in the prolonged sale process, which creditors-turned-shareholders had hoped to wrap up after a series of earlier failures. The unlisted Iranian group was picked as preferred bidder for Daewoo last year, beating Electrolux, but it has repeatedly failed to satisfy creditor demands for a detailed funding plan, resulting in several months of delays to the final agreement. \"Entekhab Group, the biggest business partner with Daewoo Electronics, will review its decision on the continuation of its cooperation with Daewoo and preserve its right to completely halt its business activities with Daewoo if the company fails to offer a way out of this crisis,\" Entekhab said in a statement carried by Iran\'s Students News Agency. \"We warn the company that the nullification of the contract is illegal and we will follow up the case through the court to stop any deal on the company, if Daewoo fails to offer a solution for this problem.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today entekhab threatens to sue daewoo Arab Today, arab today entekhab threatens to sue daewoo

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday