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CITIGROUP ACQUIRES KORAM BANK.
SEOUL, May 3 Asia Pulse - Citigroup, the world's biggest financial service company, said Friday it has succeeded in its bid to take over KorAm Bank (KSE:016830), South Korea's seventh-largest lender.
The U.S. financial giant secured 97.5 per cent of the Korean bank, including a 36.6-percent stake acquired from the bank's largest shareholder, the Carlyle Group, and 60.9 per cent secured through a tender offer, it said.
With the success in obtaining over an 80-percent stake in KorAm Bank, Citigroup is to buy the stocks from Carlyle at 15,500 won (US$13.4) each, the same price designated in the ...
- SOUTH KOREA: CREDIT RATINGS OF KORAM BANK RAISED.
- Newspaper article from: IPR Strategic Business Information Database August 17, 2004 700+ words
...Moody's Investors Service has raised KorAm Bank's credit ratings: subordinated debt...announcement that it would acquire KorAm Bank. The upgraded credit ratings is underpinned...resources to provide financial assistance to KorAm Bank if needed. The change in BFSR outlook...
- SOUTH KOREA: KORAM BANK TO ESTABLISH REMITTANCE CONTRACT WITH NORTH KOREAN...
- Newspaper article from: IPR Strategic Business Information Database July 18, 2001 700+ words
Koram Bank, a joint venture between South Korean corporations and the Bank of America...Korean economy and enhance the three countries' economic relations. Koram Bank's president Yook Jung-hoon said that US economic sanctions against...
- CARLYLE, STANDARD CHARTERED CONFIRM KORAM BANK POSITIONS.
- News wire article from: AsiaPulse News November 6, 2003 700+ words
...6 per cent stake in KorAm Bank, South Korea's sixth-largest...willingness to dispose of its KorAm Bank shares. In a related...Carlyle's shares in KorAm Bank as part of moves to expand its reach in South Korea's banking sector...
- Carlyle, Standard Chartered Confirm Positions on KorAm Bank.
- News wire article from: YON - Yonhap News Agency of Korea November 6, 2003 700+ words
...6 percent stake in KorAm Bank, South Korea's sixth-largest...willingness to dispose of its KorAm Bank shares. In a related...Carlyle's shares in KorAm Bank as part of moves to expand its reach in South Korea's banking sector...
- (LEAD)Ha Young-koo Remains New KorAm Bank's President.
- News wire article from: YON - Yonhap News Agency of Korea May 31, 2004 700+ words
...appointed to the presidency of KorAm Bank in May , 2001 and renamed to the...succeeded in its bid to take over KorAm Bank, South Korea's seventh-largest lender...announced its intention to take over KorAm Bank for a proposed $2.73 billion...
- (LEAD) Citigroup Acquires KorAm Bank.
- News wire article from: YON - Yonhap News Agency of Korea April 30, 2004 700+ words
...its bid to take over KorAm Bank, South Korea's seventh-largest...percent stake in KorAm Bank, Citigroup is to buy...spent on taking over KorAm Bank is estimated at 3 trillion...ever investment in South Korea by a single foreign...
- Ha Young-koo Remains New KorAm Bank's President.
- News wire article from: YON - Yonhap News Agency of Korea May 31, 2004 700+ words
...Young-koo, the president of KorAm Bank, has been appointed to continue...succeeded in its bid to take over KorAm Bank, South Korea's seventh-largest lender...announced its intention to take over KorAm Bank for a proposed $2.73 billion...
- HA YOUNG-KOO TO STAY AS PRESIDENT OF KOREA'S KORAM BANK.
- News wire article from: AsiaPulse News May 31, 2004 700+ words
...Young-koo, the president of KorAm Bank (KSE:16830), has been appointed...succeeded in its bid to take over KorAm Bank, South Korea's seventh-largest lender...announced its intention to take over KorAm Bank for a proposed $2.73 billion...