August 18, 2017 / 10:09 AM / in 4 months

BRIEF-Korea Investment Holdings to buy stake in KakaoBank of Korea for 290 bln won

Aug 18 (Reuters) - Korea Investment Holdings Co Ltd :

* Says it plans to buy 58 million shares of KakaoBank of Korea Corp, an internet bank company, for 290 billion won

* Says it will hold 58 percent stake(92.8 million shares)in target company after transaction

Source text in Korean: goo.gl/LcMr2T

Further company coverage: (Beijing Headline News)

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