Who will take over KEB?

Will it be Hana, Kookmin or DBS?

In a move sure to rile nationalistic interests in South Korea, Singapore's DBS announced Monday March 13 that it has submitted a bid to acquire a majority ownership stake in Korea Exchange Bank KEB from US-based Lone Star investor group.

DBS is being advised by JPMorgan.

But it is not alone. KoreaƆs Kookmin Bank, whom Merrill Lynch is advising is also bidding, as is Hana Financial Group, which is being advised by Credit Suisse.

The Lone Star stake...

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