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Korea M&A Corporation
S. Korean corporate watchdogs approve Shinhan's acquisition of LG Card
SEOUL, Jan. 18 (Yonhap) -- The Fair Trade Commission, South Korea's corporate watchdog, said Thursday that it has approved Shinhan Financial Group's takeover of LG Card Co., the country's top credit card company, a deal valued at 5.18 trillion won (US$5.52 billion). In December, Shinhan Financial, the country's second-largest financial service company, agreed to buy a 61-percent stake in LG Card..
News/M&A
2007. 1. 18. 16:17