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Article: KDB TO TAKE OVER DAEWOO SECURITIES' BANKING UNIT IN HUNGARY.

Article from:
AsiaPulse News
Article date:
April 23, 2002
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SEOUL, April 23 Asia Pulse - Korea Development Bank (KDB) is close to striking a deal with Daewoo Securities Co. to take over Daewoo's banking subsidiary in Hungary, KDB said Tuesday.

KDB and Daewoo, which have started laying out a memorandum of understanding (MOU) on the takeover of Daewoo Bank (Hungary) Ltd., are trying to negotiate an acquisition price and finish the takeover process in the first half of the year.

The state-run bank has ...

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