Mirae Asset submits highest binding bid for stake in S.Korea's Daewoo Securities -Yonhap

Korea Investment Holdings Co

21/12/2015 07:07

SEOUL, Dec 21 (Reuters) - South Korea's Mirae Asset 
Securities Co Ltd  037620.KS  bid about 2 trillion won ($1.69 
billion) for a controlling stake in Daewoo Securities Co Ltd 
 006800.KS , the country's second-largest securities brokerage, 
wire service Yonhap said on Monday.  
    State-run Korea Development Bank (KDB) put up a 43 percent 
stake in Daewoo Securities earlier this year.  urn:newsml:reuters.com:*:nL4N10Z29Q  
    A KDB spokesman declined comment about bid pricing. A 
spokesman for Mirae Asset could not be immediately reached.   
    Other bidders include KB Financial Group Inc  105560.KS  and 
Korea Investment Holdings Co Ltd  071050.KS , KDB said in a 
statement.  
 
($1 = 1,180.8000 won) 
 
 (Reporting by Joyce Lee; Editing by Biju Dwarakanath) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: DAEWOO SEC M&A/BIDS