ANZ back in KEB frame?
After a stop-and-go involvement in the auction of Lone Star Funds' 51% stake in Korea Exchange Bank, which included a statement earlier this month that it was not considering any deals at all, Australia and New Zealand Banking Group (ANZ) may now be about to submit a bid for the asset in competition with MBK Partners, according to reports.
Reports also indicated that the sale process may be extended to give time for ANZ to structure its bid, which would almost certainly require going to the equity markets for supporting funds. The stake...
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