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Reuters: HSBC walks away from $6.3 billion South Korea bank buy

Started by chris, September 19, 2008, 08:00:29 AM

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chris

HSBC walks away from $6.3 billion South Korea bank buy
      


SEOUL (Reuters) - HSBC  dropped a $6.3 billion offer for 51 percent of Korea Exchange Bank , blaming turmoil in financial markets and ending what would have been the biggest cross-border move in South Korea's bank sector.
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