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Korea KDB, Abu Dhabi agency in cross-holding talks

Published 06/24/2009, 05:03 AM
Updated 06/24/2009, 05:09 AM

HONG KONG, June 24 (Reuters) - Korea Development Bank (KDB) said on Wednesday it was in early talks with Abu Dhabi Investment Company on cross-holding agreements, as part of broader discussions on increased ties between South Korea and the agency.

"That could be possible with Abu Dhabi Investment authorities as well as KDB," KDB Chief Executive Min Euoo-sung told Reuters on the sidelines of a conference, when asked about potential cross stakes between the two financial firms.

"There's still discussion going on. It's too early to tell about any specific size of investment." (Reporting by Rafael Nam; writing by Kim Yeon-hee; Editing by Jacqueline Wong)

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