Monday, June 25, 2007

South Korea pension fund in talks to buy KEB-paper

(Reuters) - Lone Star owns 51 percent of the Korean lender after selling
a 13.6 percent stake for $1.28 billion in a block trade on
Friday.




"The National Pension Service is considering buying Korea
Exchange Bank as a strategic investor, not just as a financial
investor, and it seeking to form a consortium," an unnamed source
familiar with the KEB sale process was quoted as saying.


Read more at Reuters.com Mergers News

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