ANZ said out of KEB process
The Australia and New Zealand Banking Group Ltd. (ANZ) is not considering any further participation in Lone Star Funds' sale of its 51% stake in Korea Exchange Bank (KEB), following due diligence, and will also not bid for PT Bank Panin Indonesia, according to reports.
This leaves private equity firm MBK Partners, possibly in partnership with Japanese finance leader Nomura, as the sole remaining contender for the asset. Standard Chartered Bank and HSBC had already declined...
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