ANZ targeting KEB?
Lone Star Funds' protracted exit from controversial investee Korea Exchange Bank (KEB) has taken a fresh twist with reports that Australia and New Zealand Banking Group (ANZ) is planning a $4 billion bid for its controlling stake in the asset.
ANZ has apparently begun preparations for a bid, but has not yet confirmed an advisor to act on the deal, though it reportedly has picked one global investment bank to advise. Prospects for the deal, and...
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