Vogo Fund takes over Tong Yang Securies and other group companies for $798 million: reports
South Korean private equity firm Vogo Fund has acquired a total 46.5% stake in three Tong Yang group companies, combining portions of Tong Yang Securities and two other entities of the mid-sized local conglomerate, according to Reuters.
The deal size was said around KW900 billion (($798 million). Tong Yang's divestment is part of a group-wide effort to secure more liquidity, the group said in a statement. Tong Yang Securities increased...
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