Citigroup to buy South Korea bank for $2.7bn

US-based Citigroup has agreed to buy South Korea's Koram Bank for $2.7bn (€2.15bn).

Citigroup to buy South Korea bank for $2.7bn
Mon, 23 Feb, 2004 - 17:20

US-based Citigroup has agreed to buy South Korea's Koram Bank for $2.7bn (€2.15bn).

The move will put Citigroup ahead of rivals Standard Chartered and HSBC in South Korea.

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