이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Two local funds in final run for Korea’s online broker eBest
- Collected
- 2017.04.08
- Distributed
- 2017.04.10
- Source
- Go Direct
According to the investment banking industry Thursday, Apro, Whale and Cape Investment & Securities are currently conducting due diligence ahead of presenting their final bid next week.
LS Network Corp. is selling its stake in eBest, a deal arranged by Citi Global Markets Korea Securities. A preferred bidder would be announced upon review of the final bid on Monday.
Industry watchers expect the bid to be a two-way race between Apro and Whale.
Apro, specializing in consumer financing, is said to be keen on purchasing eBest, to add more mainstream weight. It also had bid for Hyundai Savings Bank and Hyundai Asset Management.
Local PEF Whale will likely pull in institutional investors such as pension funds for its bid over eBest.
eBest has simpler business structure that focuses on online brokerage. It raked in 24.2 billion won ($21.3 million) in net profit last year, which was down about 50 percent from a year earlier.
By Kang Doo-soon and Chun Gyung-woon
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]