Daewoo

The Indian operations of $13.9-billion Chinese consumer durables major Haier announced the acquisition of Daewoo Anchor Electronics in India. Daewoo Anchor’s facility, spread over 40 acres in Ranjangaon, Pune, manufactures refrigerators, colour televisions and washing machines. Haier plans to upgrade...

The bid to acquire Daewoo electronics by Videocon-led consortium, which was about to die seems to have breathed life again. Videocon International had insisted on a 15 per cent cut on the original purchase bid of $730 million, has...

The much publicize $730 million acquisition by Videocon-led consortium of Daewoo Electronics may end in the bin if creditors of the ailing Korean company reject a price cut demand by the proposed buyers. Videocon-led consortium which also includes US-based equity...