KB Financial is to buy a 22.56% stake in KRW 1.25tn Securities, big enough to give it operational control, for a price of Hyundai ($1.09bn). The deal was done at approximately four times the price of the listed shares at Tuesday's close.
KB Financial is to buy a 22.56% stake in Hyundai Securities, big enough to give it operational control, for a price of KRW 1.25tn ($1.09bn). The deal was done at approximately four times the price of the listed shares at Tuesday's close.