KKR raises $600 mln in loans for Singapore's MMI buy-sources

(Reuters) - Singapore's DBS and several other European and
Asian banks also participated in the consortium, sources said.




A leveraged buyout involves the acquisition of another
company using a significant amount of borrowed money and using
the acquired firm's assets as collateral.


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DBS may be allowed to bid for KEB in group-official

(Reuters) - The Singaporean bank has not yet submitted an application for such permission, the official at the Financial Supervisory Service added.



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Singapore's DBS in talks to bid for Korea's KEB: sources

(Reuters) - The Singapore bank, Southeast Asia's largest, is working to form a consortium with South Korean bank Nonghyup to buy KEB from U.S. buyout fund Lone Star , one of the sources familiar with the situation told Reuters.

KEB is controlled by U.S. buyout fund Lone Star and is one of the few remaining targets in South Korea's banking sector for foreign buyers seeking growth. But a legal battle over Lone Star's 2003 purchase of KEB has put a sale on hold.


Read more at Reuters.com Business News