(Bloomberg) -- Lone Star Funds, the U.S. buyout firm
founded by John Grayken, raised 1.19 trillion won ($1.3 billion)
selling a minority stake in Korea Exchange Bank, seven months
after scrapping the sale of its controlling interest.
Lone Star sold 87.7 million Korea Exchange shares,
equivalent to a 13.6 percent stake, at 13,600 won each, according
to documents e-mailed by Credit Suisse Group, which arranged the
sale. The price was a 6.8 percent discount to yesterday's close.
Read more at Bloomberg Emerging Markets News
founded by John Grayken, raised 1.19 trillion won ($1.3 billion)
selling a minority stake in Korea Exchange Bank, seven months
after scrapping the sale of its controlling interest.
Lone Star sold 87.7 million Korea Exchange shares,
equivalent to a 13.6 percent stake, at 13,600 won each, according
to documents e-mailed by Credit Suisse Group, which arranged the
sale. The price was a 6.8 percent discount to yesterday's close.
Read more at Bloomberg Emerging Markets News
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