News: KB Financial Group Inc (105560.KS)

105560.KS on Korea Stock Exchange

29 Jul 2014
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Wed, Jun 11 2014

KB Fin preferred bidder for LIG Insurance stake after $590 mln bid -source

SEOUL, June 11 - South Korea's KB Financial Group Inc has been chosen as the preferred bidder to buy 20 percent of LIG Insurance after submitting an offer of about 600 billion won ($590 million), a source working on the deal said.

S.Korea's LIG Insurance attracts initial bids from Lotte, KB

SEOUL, March 28 - Lotte Shopping, KB Financial Group and private equity-backed Tong Yang Life Insurance were among companies that submitted preliminary bids for a controlling stake in LIG Insurance , which is seen to be worth around 400 billion won ($373.31 million) or above, the bidders said on Friday.

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