Brief: Korea Investment Holdings to buy stake in KakaoBank of Korea for 290 bln won

Korea Investment Holdings Co

18/08/2017 11:05

Aug 18 (Reuters) - Korea Investment Holdings Co Ltd 
 071050.KS  : 
     
    * Says it plans to buy 58 million shares of KakaoBank of 
Korea Corp, an internet bank company, for 290 billion won 
    * Says it will hold 58 percent stake(92.8 million shares)in 
target company after transaction  
     
     
    Source text in Korean: https://goo.gl/LcMr2T 
    Further company coverage:  071050.KS  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 010 62674724; 
Reuters Messaging: hedy.cui.reuters.com@reuters.net))