Ssangyong Cement Industrial said talks to sell a stake in a subsidiary to U.S. private equity fund Carlyle Group has collapsed.

A Ssangyong official said talks broke down as both sides failed to narrow differences on sales terms. He said Carlyle asked to buy assets of the information unit, not a stake.

Carlyle was not immediately available for comment on its bid for a stake in Ssangyong Information and Communications.

The Ssangyong official said it would look for a new buyer and aims to sell the stake this year.

He said about four investors in South Korea and abroad, including a Japanese fund, have shown interest.

Ssangyong said in January it had agreed to sell more than 70 percent of its stake in Ssangyong Information to Washington-based Carlyle. The two sides then entered months of negotiations over price.