MBK offers Hana $1.7b helping hand
Seoul-based buyout firm MBK Partners has proposed to finance up to two trillion won ($1.7 billion) of Hana Financial Group's takeover of Korea Exchange Bank. Hana Finance have earlier approved a plan to sell up to 1.5 trillion won in local currency bonds.
Hana, South Korea’s fourth largest financial group by assets, has planned to buy 51% stake in KEB valued at about $4.1 billion from American private equity firm Lone Star Group, which has been attempting...
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