Kookmin will become the second largest shareholder in KazakhstanÆs sixth largest bank, but is paying a hefty three times book value compared with its own 1.25 times valuation to enter the natural resources rich Central Asian region, where it hopes ôto secure future growth momentumö, according to a filing by Kookmin.
Regulatory approval from both Korea and Kazakhstan is needed before the deal can go ahead, while the purchase will be made on the local stockmarket during...
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