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Report: Carlyle, Bain shortlisted in bid for Woongjin Coway stake

Private equity firms Carlyle Group LP and Bain Capital LP and two other bidders are shortlisted to buy a stake in South Korean water purifier rental company Woongjin Coway Co. Ltd., Reuters reported, citing a report from the Korea Economic Daily.

The other two bidders include South Korea's SK Networks and a local consortium of China's Haier, according to the report.

Woongjin Group announced in June that it is selling a 25.08% stake in Woongjin Coway, which reportedly aims to secure binding bids in September.

Woongjin was not immediately available for comment, according to Reuters.

As of Aug. 5, US$1 was equivalent to 1,217.71 South Korean won.