Korea Development Bank plans to sell its controlling stake in Daewoo Engineering & Construction Co., Ltd. (KOSE:A047040). The board of directors will hold a meeting this week and approve a plan to sell a 50.75% stake which is held by a private equity fund. The PEF is scheduled to expire next October so company need to initiate the sales procedure early next year. KDB expects the stake sale could reach at least WON 1.5 trillion.