Korea Telecom shortlists six

Three European and three US houses have made it through to the second round for the company''s forthcoming ADR.
April 11, 2001
Presentations for a roughly $2.3 billion deal will take place on Monday. The company has said that it will appoint one European house and one US house from a shortlist comprising Credit Suisse First Boston classifying itself this time as a European house, Goldman Sachs, ING Barings, Morgan Stanley, Salomon Smith Barney and UBS Warburg.

A decision is expected fairly quickly despite recent comments from the Deputy Finance Minister that the government needs to maintain a flexible privatization timetable. MOFE official Kim Jin Pyo was reported on domestic television arguing that the government needs to be careful with its timing because it is trying to sell a large number of shares...

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