(MENAFN) KB Financial Group is predicted to sign a deal in order to take over Hyundai Securities Co.
Moreover, the deal came in line with Hyundai Group's efforts to revitalize Hyundai Merchant Marine Company.
Additionally, Hyundai Merchant logged USD 220mn in operating losses, whereas its capital notably eroded.
KB offered the highest price of more than USD 8.67bn for the whole share.
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