HSBC Bids $2.5 Billion for Korea First Bank

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00007077-hsbc-bids-25-billion-for-korea-first-bank/

HSBC Holdings PLC has proposed buying Korea First Bank for $2.5 billion, according to a published report.

London-based HSBC, one of two bidders for Korea First Bank, decided on the amount based on the lender’s asset portfolio and stock prices of its rival lenders in the local market, the Maeil Business Newspaper reported, citing an unidentified source familiar with the talks.

Officials at both banks declined to comment on the report.

For this complete story, please visit HSBC Bids $2.5 Billion for Korea First Bank.

HSBC Bids $2.5 Billion for Korea First Bank

Unknown Author

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