Fri Mar 4, 2011 6:13am GMT
SEOUL, March 4 (Reuters) - Steelmaker POSCO (005490.KS: Quote) and food and feed producer CJ Group were among the bidders submitting interest for a 37.6 percent stake in Korea Express (000120.KS: Quote) worth around $1.5 billion, sources close to the matter said on Friday.
POSCO said in a statement it had submitted its interest, and a source familiar with the matter said CJ Group had also participated in the first round of bidding for the stake in South Korea's biggest logistics firm.
(Reporting by Hyun-joo Jin and Ju-min Park; Editing by Jonathan Hopfner,sourced:Thomson Reuters)
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