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Announced

KTB Investment & Securities to acquire a 51% stake in Eugene Savings Bank for $168m.

Financials

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Transaction Value£124m
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Majority

Acquisition

Private

Private Equity

Single Bidder

Domestic

financial services

Friendly

South Korea

Banks

Pending

Synopsis

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KTB Investment & Securities, an operator of financial businesses, agreed to acquire a 51% stake in Eugene Savings Bank, a provider of financial services, for $168m. Institutional investors who secure a majority of 50% or more to solidify the governance structure and help the long-term development of savings banks will participate as shareholders.

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