Korea Exchange Bank union held secret meeting with ANZ over Lone Star exit
The employees' union of Lone Star investee Korea Exchange Bank (KEB) held a closed and secret meeting with executives of Australia and New Zealand Banking Group (ANZ) last month, smoothing the way for a bid by the Australian lender for Lone Star's controlling stake in KEB, according to Korean reports.
Industry sources disclosed that the meeting was attended by senior ANZ officials and KEB union leader Kim Kwi-chul. Although the content of the discussions was not disclosed, reports indicate that the...
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