CORRECTION: HSBC interested in KEB, contacted Lone Star: paper

(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.


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HSBC interested in KEB, contacting Lone Star: paper

(Reuters) - Pending legal proceedings over Lone Star's 2003 purchase of KEB, however, have delayed a deal.




Citing people close to the situation, the Daily Telegraph reported that HSBC's expression of interest was "extremely preliminary and contingent upon a resolution of ongoing criminal investigations into KEB's sale in 2003 to Lone Star."


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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.


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