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Citigroup to Buy S.Korea's Koram Bank Citigroup will buy South Korea's Koram Bank for $2.74 billion, including purchasing a 36.6 per cent stake held by the Carlyle Group, Koram said on Monday.
Citigroup aimed to buy more than 80 per cent of the country's seventh-largest bank through a deal with U.S. investment fund Carlyle and from the stock market, Koram said in a statement. |
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