ID :
90675
Fri, 11/20/2009 - 10:21
Auther :
Shortlink :
https://www.oananews.org//node/90675
The shortlink copeid
KDB Financial interested in buying KEB: chief
SEOUL, Nov. 20 (Yonhap) -- The head of KDB Financial Group Inc., a state financial holding company, said Friday the group will seek to buy local banks including Korea Exchange Bank (KEB) controlled by Lone Star Funds.
"Next year, the local banking sector is likely to see a shake up... We are open
to various (takeover) opportunities at home and abroad including KEB," Min
Euoo-sung, chairman of KDB Financial Group, told reporters.
KDB Financial Group was created in late October as the holding company for the
state-run Korea Development Bank (KDB) and four other units as part of a
government plan to sell its stake.
Min earlier said that the group is looking into acquiring financial firms in Asia
in a bid to expand its funding sources, adding that it is looking at two or three
countries.
sooyeon@yna.co.kr
(END)
"Next year, the local banking sector is likely to see a shake up... We are open
to various (takeover) opportunities at home and abroad including KEB," Min
Euoo-sung, chairman of KDB Financial Group, told reporters.
KDB Financial Group was created in late October as the holding company for the
state-run Korea Development Bank (KDB) and four other units as part of a
government plan to sell its stake.
Min earlier said that the group is looking into acquiring financial firms in Asia
in a bid to expand its funding sources, adding that it is looking at two or three
countries.
sooyeon@yna.co.kr
(END)
