ANZ, Hana squareoff over KEB confirmed
Sources close to the process confirmed to AVCJ that Australia and New Zealand Banking Group (ANZ) is still engaged in due diligence for the full 57.27% stake in Korea Exchange Bank (KEB) held by Lone Star Funds and the Export Import Bank of Korea, and that Hana Bank is also negotiating on a non-binding basis with the target.
With Hana Bank also contemplating a separate bid in the privatiztion of Woori Finanical Group, the seriousness of Hana's move on KEB is yet to be determined, and sources concurred that it might be a spoiling...
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