(Reuters) - Dallas-based Lone Star is looking for a strategic buyer for its remaining 51 percent stake in KEB, South Korea's fifth-biggest lender, after it sold a 13.6 percent in the bank for $1.28 billion in June. The 51 percent stake is worth $4.95 billion at current market prices.
Continuing legal proceedings over Lone Star's 2003 purchase of KEB, however, have delayed a deal.
Read more at Reuters.com Business News
Continuing legal proceedings over Lone Star's 2003 purchase of KEB, however, have delayed a deal.
Read more at Reuters.com Business News
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