KEB sale delayed again
Lone Star’s protracted effort to offload its 51% stake in Korea Exchange Bank (KEB) to Hana Financial Group has been delayed once gain, this time by six months, amid lingering regulatory questions.
According to Reuters, citing the Seoul Economic Daily, Hana is considering buying an initial stake of less than 10% from US-based Lone Star to seal the deal. Should Lone Star succeed in divesting its full...
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