Lone Star may sell KEB for 7% less - report
Lone Star is reportedly nearing the sale of Korea Exchange Bank (KEB) to Hana Financial Group at a 7% discount to the KRW4.4 trillion ($3.8 billion) offer price. If agreed, the move would highlight the pressure that embattled Lone Star faces to offload its asset.
Citing Korea's Maeil Business Newspaper, Reuters reported that the parties may decide to cut the price of KEB's shares by approximately KRW1,000 apiece by next week, from KRW13,390. Hana offered to buy...
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