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United States

KB Financial Group Inc (KB.N)

KB.N on New York Stock Exchange

31.47USD
28 Jul 2016
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Tue, Apr 12 2016

UPDATE 1-S.Korea's KB Fin buying Hyundai Securities stake for $1.1 bln to diversify

* 67 pct of KB's net profit comes from banking unit (Adds background on KB diversification)

S.Korea's KB Financial to buy minority control of Hyundai Securities for $1.09 bln

SEOUL, April 12 South Korean banking group KB Financial Group Inc said on Tuesday it will acquire a stake in brokerage Hyundai Securities Co Ltd, big enough to give it operational control, for 1.25 trillion won ($1.09 billion).

KB Financial chosen preferred bidder for Hyundai Securities - sources

SEOUL, March 31 KB Financial Group Inc was chosen as preferred bidder to buy a controlling stake in South Korean stock brokerage Hyundai Securities Co Ltd , people with direct knowledge of the matter said on Thursday.

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