Some assets of Korea’s Tailim Group to be auctioned off on Wednesday
COLOGNE, Germany, Aug. 23, 2019 (PPI Asia) -The Tailim Group, a packaging producer and converter based in South Korea, will be a least partly auctioned off on Wednesday, local market contacts report.
Korean media suggest there has been strong interest in the sale of Tailim Paper and Tailim Packaging, including from Chinese firms.
And a local contact said there are apparently two strong contenders for its takeover, one of them being Korea’s Hansol Group. Hansol declined to comment.
The reported interest comes despite a slow packaging market at the moment.
But besides packaging, Tailim Paper and Tailim Packaging also have considerable recycled pulp production ...