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SEOUL: South Korean brokerage Woori Investment and Securities said Friday it was considering spending up to US$2 billion buying a European investment bank and was looking at about 20 possibilities.
"We've been analysing their financial statements and business environment to find out whether there will be any synergy," a spokesman told AFP.
"The value of a possible deal will not be greater than US$2 billion."
He said such acquisitions would help South Korean companies compensate for their lack of overseas experience and expand international networks.
Woori Investment and Securities, a subsidiary of state-financed Woori Finance Holdings, operates a brokerage in London.
It also has an investment banking operation and a hedge fund operation in Singapore, the spokesman said.
- AFP/yb
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