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Daewoo creditors threaten to stymie Videocon bid

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BS Reporter Mumbai
Last Updated : Jan 22 2013 | 11:49 PM IST
According to the Financial Times, the creditors of Daewoo were due to hold a meeting to consider the proposal yesterday but instead decided to seek a written response. "We expect it will take one or two days to get the result as each of the creditors has to choose whether they agree or disagree with Videocon's proposal," a Woori Bank executive told the Financial Times and added, "the deal could be nullified, according to the result". Woori Bank is Daewoo

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First Published: Dec 29 2006 | 1:46 PM IST

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