HSBC emerges as strongest candidate to buy Seoulbank: report

SEOUL (AFX-ASIA) - HSBC is emerging as the strongest candidate to buy Seoulbank and is expected to be given exclusive rights to negotiate with the government on the terms of a takeover, Maeil Business Newspaper said, citing industry sources.

HSBC is expected to start a due diligence study on the bank in early June and sign a contract to buy the bank at the end of that month, it reported.

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