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KOREA: Merrill Lynch to handle Jinro sale

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The US investment bank Merrill Lynch has been chosen as the single candidate to handle the sale of Jinro Ltd, South Korea's largest, but embattled, distiller of soju.

According to a report in Asia Pulse today, Merrill Lynch was chosen as the prime lead-manager candidate over rivals ABN AMRO Securities and a consortium of Samsung Securities Co. and Citibank.


Sectors: Spirits

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