◢ Iran’s Entekhab Industrial Group is reportedly poised to acquire majority ownership of Dongbu Daewoo, a manufacturer of appliances and consumer durables, beginning a new chapter in an already complicated saga.

◢ Entekhab, Iran’s leading appliance manufacturer, first sought to acquire Daewoo in 2010 for USD 513 million. Eight years later, a new bid has been made, reportedly for USD 188 million. If the deal goes through, it would be a rare example of an Iranian firm on the buy-side of cross-border M&A.