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S.Korea's KDB willing to raise IPO size to up to 30pct
June 5, 2012 / 5:22 AM / 5 years ago

S.Korea's KDB willing to raise IPO size to up to 30pct

SEOUL, June 5 (Reuters) - South Korea’s state-owned KDB Financial Group could expand its planned initial public offering by as much as three times, with the government raising up to 6 trillion won ($5.1 billion) from the sale of a 30 percent stake, its chairman said on Tuesday.

Previously, KDB had said it was considering offering around 10 percent in the IPO.

KDB Financial Group Chairman Kang Man-soo told reporters the state holding company would sell between 10 to 30 percent. ($1 = 1181.9500 Korean won) (Reporting By Jungyoon Lee; Editing by Mark Bendeich)

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