(Reuters) - SEOUL, June 22 - U.S. private equity firm Lone
Star sold a 13.6 percent stake in Korea Exchange Bank in
a block trade to raise $1.28 billion, a source said on Friday,
turning a profit from its troubled investment in the South
Korean lender.
Lone Star [LS.UL] cut back its holding in KEB
to 53 percent after an agreement to sell the lender to Kookmin
Bank for $7.3 billion was aborted last year amid a
legal dispute with regulators over its $1.2 billion purchase of
a majority stake in KEB in 2003.
Read more at Reuters.com Mergers News
Star sold a 13.6 percent stake in Korea Exchange Bank in
a block trade to raise $1.28 billion, a source said on Friday,
turning a profit from its troubled investment in the South
Korean lender.
Lone Star [LS.UL] cut back its holding in KEB
to 53 percent after an agreement to sell the lender to Kookmin
Bank for $7.3 billion was aborted last year amid a
legal dispute with regulators over its $1.2 billion purchase of
a majority stake in KEB in 2003.
Read more at Reuters.com Mergers News
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