Ssangbangwool and Gwangrim Withdraw from Selection as Preferred Negotiation Partner for Sale of Nanos Investment Shares
[Asia Economy Reporter Kim Min-young] Ssangbangwool had selected the Brazilian Primavera Consortium as the preferred negotiation partner for the sale of its investment stake in Nanos (initially announced on November 19, 2019), but on the 3rd, Primavera notified the withdrawal of its preferred negotiation rights due to internal circumstances, leading to the unavoidable cancellation of the preferred negotiation partner selection, according to a disclosure.
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Kwanglim, a KOSDAQ-listed company, also announced on the same day that the selection of the Brazilian Primavera Consortium as the preferred negotiation partner for the sale of its 47.83% investment stake in Nanos was withdrawn for the same reason.
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