HSBC and Lone Star extend KEB sale deadline

HSBC continues in its quest to expand in Korea, while Lone Star hopes to finally make an exit from a debilitating investment.

HSBC and Lone Star announced yesterday that they have agreed to extend by a further three months the deadline for completion of the UK bankÆs proposed purchase of 51.02% of Korea Exchange Bank KEB, subject to approval from KoreaÆs Financial Services Commission FSC.

The deadline for closing the deal, which was announced on September 3 last year, had been fixed at April 30 it must now be closed by July 31, although it can be extended by a...

To continue reading, please login or register for free

Click for more on: hsbc | lone star | korea exchange bank

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...