How Citi got KorAm

We look at the current deal and examine the long history behind Citi''s acquisition of KorAm Bank.
February 23, 2004

It was formally announced yesterday that Citigroup had won control of Carlyle and JPMorgan Corsair's stake in KorAm Bank. The world's biggest and most profitable bank fought off competition from existing shareholder, Standard Chartered and Singapore's Temasek to win the bidding.

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