KB Financial Group plans Hyundai Securities-KB Investment & Securities merger
Sept 7, 2016
[THE INVESTOR] KB Financial Group on Sept. 6 revealed plans to merge Hyundai Securities with KB Investment & Securities. In a regulatory filing, KB Financial Group said that it plans to merge the two companies once Hyundai Securities becomes a wholly owned subsidiary through a share swap. In the merger, Hyundai Securities will absorb KB Investment & Securities. KB Financial Group said the merger is likely to take place in December. KB Financial Group and Hyundai Securities are currently in proce