Hana gets green light to buy KEB stake

Korea’s financial regulator decided on Friday that Hana Financial Group can proceed with its $3.48 billion purchase of Lone Star’s 51% stake in Korea Exchange Bank.

Hana gets green light to buy KEB stake

Korea’s most bitterly fought private-equity exit may finally be imminent. As always, such a claim could turn out to be premature, but after several years of legal battles, regulatory indecision and failed attempts to sell its majority holding in Korea Exchange Bank KEB, Texas-based Lone Star looks set to move ahead with a deal originally agreed with Hana Financial Group in November 2010.

It would mark the end of a saga that for many...

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