Korea’s KFCC, Canada’s CPPIB join MBK for Woori bid

The W95 trillion ($90 billion) Korea Federation of Community Credit Cooperatives, one of the country’s biggest institutional investors, has aligned itself with local private-equity firm MBK Partners in a bid to acquire Woori Financial Group. Jeung Jae-ho, managing director and head of KFCC’s fund-management division, says the firm is working with MBK and other partners in submitting a formal bid to the Ministry of Strategy and Finance that is due on August 17. The $150 billion C…