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Report: KB Financial wins race for Hyundai Securities stake

KB FinancialGroup Inc. was picked as the preferred bidder for a 22.56% stake inHyundai Securities Co.Ltd., outbidding Korea Investment Holdings Co. Ltd. and Hong Kong privateequity firm Aktis Hanxi Group, MoneyToday reported March 31, citing financial industry sources.

KB Financial's bid price has not been announced yet.