Overvalued Korea Zinc may tie MBK up in knots
MBK Partners, a private equity firm seeking to acquire Korea Zinc, the world’s largest zinc smelter, has come under criticism for excessive betting to hoist its stake in the zinc producer, which could put its investors at risk. MBK, in partnership with Young Poong, Korea Zinc’s largest shareholder, has been raising the ante to obtain the management rights of Korea Zinc in a monthslong battle with the firm’s management. According to news reports Monday, the private equity company