Tuesday, April 24, 2007

UPDATE 1-Goldman in talks to buy S.Korea asset firm-sources

(Reuters) - SEOUL, April 25 - Goldman Sachs is finalising talks to buy a South Korean asset management firm, majority owned by Australia's Macquarie Bank Ltd. , two sources familiar with the situation told Reuters on Wednesday.

Goldman wants to buy Macquarie-IMM Investment Management, in which the Australian investment bank controls 65 percent, with domestic investment firm IMM Co. Ltd. owning the remainder.


Read more at Reuters.com Mergers News

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