Credit Suisse, the financial advisor on the sale of Lone Star’s Korea Exchange Bank, has sent teaser letters to potential buyers, Edaily reported today.
The news report cited an unspecified industry source as saying that Credit Suisse had sent the guidelines to overseas and domestic financial firms to learn of their intentions.
According to the article – Oaktree Capital, Texas Pacific Group and California Public Employees Retirement System are among the potential overseas buyers. Whereas Korea Development Bank, KB Financial, Woori Finance and Hana Financial are domestic potential buyers, the report said.
As previously reported, Lone Star, the US-based PE firm, is selling its 51% stake in the listed South Korean bank.
(Source: Edaily)
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