ANZ and Lone Star ending diligence, start pricing talks on KEB: reports
Australia and New Zealand Banking Group, the leading remaining contender for Lone Star Funds' controlling state in Korea Exchange Bank (KEB) has predominantly completed its due diligence on the asset and begun discussions on pricing with Lone Star, targeting a range of $4.5-4.6 billion, according to reports.
Citing sources close to the process, Reuters stated that ANZ's target price range covers both Lone Star's 51% stake and the additional 6% tag-along stake offered by the Export Import Bank of Korea. However,...
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