Tomato Specialized Bank has been acquired by South Korea’s KB Kookmin Card Co for $10.8mn. The transaction was carried out after a long search for a buyer following the file for bankruptcy by the specialized bank’s majority shareholder in 2011. The state-run Korea Deposit Insurance Corp (KDIC), which took over Tomato after the bankruptcy filing, announced yesterday it had sold the entirety of its stake in the bank. KB Card will take a 90% stake in the company, while Indochina Bank will hold the remaining 10%, according to South Korean news outlet Pulse. (Source: Phnom Penh Post)