Korean Air is likely to buy the 30.77 per cent stake in Asiana held by Kumho Industrial. - AFP
SEOUL (Reuters): Korean Air Lines on Monday (Nov 16) said it will spend 1.8 trillion won (US$1.62 billion) to become the largest shareholder of indebted Asiana Airlines, in a deal that would create the world's 15th biggest carrier.
The suitor plans to issue 2.5 trillion won worth of shares next year to fund the deal with buyers including its own parent, Hanjin Kal.
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