Korea Express contracts with Julies Capital

Korea Express contracted January 31, 2002 with Julies Capital - PwC (Pricewaterhouse Coopers), a consulting company, to handle the M&A process.

Accordingly, Julies Capital - PwC will finish the M&A process within 6 months after choosing a preferential negotiating company from among domestic and overseas companies which would like to acquire Korea Express.

An official at Korea Express said, “There are no difficulties for the M&A process with several inland and overseas logistic companies showing interest.”

Korea Express chose Julies Capital - PwC for the M&A procedure last October to draw favorable investment money. For nearly three months, Korea Express and Julies Capital failed to sign on a contract due to differing thoughts on the M&A.