Samsung SDS a technology service unit of South Korea's biggest conglomerate, Samsung Group, is considering forming a consortium with steelmaker POSCO to bid for a controlling stake in the logistics company Korea Express

The main shareholders of Korea Express will collect the final bids for the sale of a controlling stake in the logistics company by June 27. The preferred bidder for the logistics company is expected to be selected in early July.

The main shareholders, Korea Development Bank and Asiana Airlines are selling their combined 37.6% stake.

KDB, Nomura and Daewoo Securities are managing the stake sale.

(Sourced from www.cargonewsasia.com)