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Kumho Tire Parent Eyes Buying Back Bus Company

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Korea Joongang Daily reports that Kumho Asiana Group is looking to buy back Kumho Buslines, which it sold to private equity in 2012 while working to resolve liquidity problems.kumhoasiana

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Kumho Asiana Group is the parent company of Kumho Tire Co. Kumho Buslines is currently owned by an equity fund jointly run by IBK Securities and KStone Partners.

No timeline for the re-acquisition was noted, by Korea Joongang Daily reported that Kumho Asiana was concerned about the potential price tag.

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