(Bloomberg) -- Daewoo Securities Co., South Korea's
largest securities firm by market value, said it bought a 19.9
percent stake in Indonesia's PT eTrading Securities, becoming
the second-biggest owner of Indonesia's largest online brokerage.
Daewoo paid 14.9 billion rupiah ($1.6 million) for the
stake, the first investment in an Indonesian securities firm by
a Korean brokerage, Seoul-based Daewoo said in a statement today.
Aiti Investment and other affiliates own a combined 69 percent
of eTrading.
Read more at Bloomberg Emerging Markets News
largest securities firm by market value, said it bought a 19.9
percent stake in Indonesia's PT eTrading Securities, becoming
the second-biggest owner of Indonesia's largest online brokerage.
Daewoo paid 14.9 billion rupiah ($1.6 million) for the
stake, the first investment in an Indonesian securities firm by
a Korean brokerage, Seoul-based Daewoo said in a statement today.
Aiti Investment and other affiliates own a combined 69 percent
of eTrading.
Read more at Bloomberg Emerging Markets News
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