KEB, Samsung strengthen cooperation in acquisitions

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.