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Goldman doubles Kookmin stake

Goldman doubles Kookmin stake

(South Korea) - US investment bank Goldman Sachs has doubled its stake in South Korean retail lender Kookmin Bank, and is now the bank's second largest shareholder after the South Korean Government. Goldman converted convertible Kookmin bonds into equity, moving from a 2.27 percent stake to 5.42 percent.

The Government holds 9.64 percent of the bank.
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