TITLE

Lone Star to Sell Korea Exchange Bank Stake

AUTHOR(S)
Marino, Jonathan
PUB. DATE
March 2010
SOURCE
Mergers & Acquisitions Report;3/15/2010, Vol. 23 Issue 11, p15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reveals that Dallas, Texas-based private investment firm Lone Star Funds is selling its majority interest in Korea Exchange Bank.
ACCESSION #
48647585

 

Related Articles

  • THE $4 BILLION WAIT. Prasso, Sheridan // Fortune International (Europe);10/2/2006, Vol. 154 Issue 6, p14 

    This article reports on the Korean government's blockade of Lone Star Funds, a private-equity fund, from selling the Korea Exchange Bank. The sale would bring a potential profit of $4 billion. The bank was purchased in the 1990s, as many Korean banks were, because of the Asian market crisis. ...

  • A $4 BILLION HOLDUP. Prasso, Sheridan // Fortune;10/2/2006, Vol. 154 Issue 7, p34 

    This article reports on the Korean government's blockade of Lone Star Funds, a private-equity fund, from selling the Korea Exchange Bank. The sale would bring a potential profit of $4 billion. The bank was purchased in the 1990s, as many Korean banks were, because of the Asian market crisis. ...

  • Alarm Bell Rung by Lone Star. Kim Se-Hyung // Korea Focus;Autumn2011, Vol. 19 Issue 3, p18 

    The article presents the author's views on Korean government's default in the 2003 deal between Korea Exchange Bank (KEB) and Lone Star Funds, a Dallas, Texas-based private equity firm, in which Lone Star bought a 51 percent stake in KEB. Three years later, Lone Star tried to sell KEB to Kookmin...

  • Citi Seoul Office Raided in Lone Star Probe.  // American Banker;10/18/2006, Vol. 171 Issue 200, p20 

    This article reports that South Korean prosecutors raided the Seoul office of a Citigroup Inc. unit in a probe into Lone Star Fund's takeover of Korea Exchange Bank. Chae Dong Wook, a prosecutor at the Supreme Prosecutor's Office, announced the raid of Citigroup Global Markets Korea Securities...

  • Stuck in Limbo. Salmon, Andrew // Forbes Asia;12/24/2007, Vol. 3 Issue 22, p34 

    The article discusses issues regarding the planned sale of Korea Exchange Bank. According to the article, the South Korean government would not let the bank's owner, U.S. private equity firm Lone Star Funds, sell the bank. The standoff is spooking overseas investors. Foreign investment in Korea...

  • Lessons from Lone Star's Windfall Profit. Kang Hyo-sang // Korea Focus;Winter2010, Vol. 18 Issue 4, p1 

    The article presents the author's perspectives on the acquisition of Korea Exchange Bank (KEB) by Lone Star Funds in South Korea in 2010. He states that the closed-door deal practice should not happen again and financial authorities should quickly intervene to review the fund-raising capability...

  • Exec Guilty in Lone Star Scam.  // American Banker;2/4/2008, Vol. 173 Issue 23, p6 

    The author reports that Paul Yoo, an executive at the company Lone Star Funds, has been sentenced to five years in prison. The author states that Yoo was sentenced to jail for altering the price of the credit card unit at Korea Exchange Bank. The amount of money made by illegal actions which...

  • Hyatt offloads 38.  // Travel Daily;9/22/2014, p6 

    The article announces the plan of HYATT Hotels Corp. to divest its 38 hotels under its transaction with private equity company Lone Star Funds worth $590 million in the U.S.

  • KEB set to marry Hana, ditching ANZ at the altar. Walker, Rupert // FinanceAsia;Dec2010, p32 

    The article presents information that Hana Financial Group Inc. has decided to pay 4.1 billion U.S. dollars for merging with the U.S. based firm Lone Star's 51.02 percent stake in the company Korea Exchange Bank. It informs that chairman of Hana Kim Seung-yu has traveled to London, England for...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics