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

Singapore's DBS ends talks to buy South Korea's KEB

(Reuters) - DBS hinted at legal issues to explain why it walked away from KEB, one of the few remaining targets for foreign investors seeking growth in South Korea's banking sector.




U.S. private equity firm Lone Star is facing a legal battle over its 2003 purchase of KEB, which has delayed the sale of the bank. Lone Star has a 64.62 percent stake in KEB, which is valued by the market at $10 billion.


Read more at Reuters.com Mergers News