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Daewoo Engineering & Construction plans to pick a prime bidder for the stake on Nov. 12, the sources said.
Tokyo-based Nomura Securities Co. and the state-run Korea Development Bank, the builder's main creditor, are arranging the sale.
On Oct. 5, Kumho Asiana Group, the builder's parent group, said it came up with a shortlist of four candidates to buy a 50 per cent stake plus one share in Daewoo Engineering & Construction.
The four potential buyers include U.S. AC Development Inc. and the Abu Dhabi Investment Authority, a sovereign wealth fund owned by Abu Dhabi, United Arab Emirates, the sources said.
Kumho Asiana plans to finalize the builder's sale before the end of the year.
(Yonhap) rw
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