nannook!, page-5

Barclays has been appointed by State-run Korea Electric Power to sell some of its offshore assets amid pressure from the nation's lawmakers to reduce debt. On the block is Kepco's 20% stake in Indonesian coal miner PT Bayan Resources Tbk, which is valued at about $500 million, based on the company's recent share price. The potential buyer should insist on a hughe discount thanks to Whites looming multi-million $ claim against the Bayan rabble and the struggling development at the Roo.