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Article: HSBC aiming to buy South Korea bank.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 12, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Jake Lloyd-Smith, Evening Standard, London Knight Ridder/Tribune Business News
Nov. 12--Banking giant HSBC was today reported to be in talks to acquire South Korea's Korea First Bank.
Kim Kyo-shik, secretary-general of Korea's Public Fund Oversight Committee which oversees the sale of government shareholdings, was quoted as saying he was aware London and Hong Kong-listed HSBC had been in negotiations over the business.
One source put a price tag of between three trillion won (1.46 billion pounds) and 3.5 trillion won on the possible transaction.
Korea First Bank, the country's eighth-largest lender, is 49 percent-owned by ...
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...Evening Standard, London Knight Ridder/Tribune Business News ... To see more of the Evening Standard, or to subscribe to ... sterling. (c) 2003, Evening Standard, London. Distributed by Knight Ridder/Tribune Business News ...
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