Major South Korean consumer lender A&P Financial Co. might gain priority negotiation rights in its move to acquire failed Japanese counterpart Takefuji Corp. as early as Monday, reported the Nikkei. They might sign a sponsor agreement by the end of the month, the paper added. A&P's bid price for Takefuji, which filed for court protection from creditors last September, is estimated at tens of billions of yen, the business daily reported.
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