Korea Exchange Bank wants to enhance its competitiveness in mergers and acquisitions and in acquisition financing through partnership with Samsung Securities Co. This strategic partnership serves as a preparation for corporate restructuring. The companies agreed to cooperate first in banking and securities-related areas where improvement is needed in M&A and acquisition financing market at home and abroad. In particular, Samsung Securities will ask KEB first to arrange acquisition financing when LBO or loans are needed for M&A deals and KEB will ask Samsung Securities first to provide consulting services in case its customer company gets involved in M&A deals."We established a strategic partnership with Samsung Securities to play a leading role in M&A and acquisition financing market in preparation for corporate and industrial restructuring. In particular, mutual cooperation in a push for M&A and acquisition financing will significantly increase synergistic effects," said KEB President & CEO Larry Klane.
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