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Article: KDB ACQUIRES DAEWOO-HUNGARY BANK FROM DAEWOO SECURITIES.

Article from:
AsiaPulse News
Article date:
May 24, 2002
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SEOUL, May 24 Asia Pulse - The Korea Development Bank said Wednesday it has signed with Daewoo Securities Co. to buy Daewoo Bank (Hungary).

Daewoo Bank (Hungary) is the Budapest-based affiliate of the Korean brokerage house.

The acquisition price will be US$29.2 million consisting of US$27.6 million in net assets and the rest in net profits after taxation in May 2003.

The KDB will be taking over Daewoo Bank (Hungary) and Daewoo Securities three ...

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