MBK in running for KEB? - reports
Independent pan-Asian buyout firm MBK Partners may be seeking a secondary buyout opportunity from Lone Star Funds for its 51% stake in Korea Exchange Bank (KEB), valued at up to $4 billion, according to unconfirmed media reports.
Lone Star's exit from KEB has been dogged by misreporting, as some facts of the deal in Korean media was apparently planted by interested parties. There is no sign yet that the ostensible MBK approach...
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