Standard Chartered gets KFB

Will HSBC follow on with KEB, or will Temasek charge in as the dark horse?

In a deal that signals a booming start to the MA year, Standard Chartered has signed a sales and purchase agreement to buy Korea First Bank KFB.

The deal follows Citibank's acquisition of Koram Bank, which recently won FinanceAsia's Deal of the Year, and offers a second vote of confidence by a major multinational bank in the potential for the Korean economy.

StanChart will pay $3.3 billion...

To continue reading, please login or register for free

Click for more on: standard chartered | kfb | acquisitions | fig | tpg | private equity

Print Edition

FinanceAsia Print Edition