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. KoreaÆs 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 is valued at between $4.3 billion to $6 billion, which alone could make it the largest acquisition in South Korea. But that is just the tip of the iceberg. If any of these three banks...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222