The sale of Korea Exchange Bank by Lone Star may take a relatively long time to succeed, Edaily reported, citing market sources.
The article cites Lee Go-Eun, an analyst at Shinhan Investment, as saying that potential buyers such as KB Financial and Hana Financial are unlikely to drive acquisition plays.
As firstly, KB Financial, still needs to fill its president position, making it tough for them to make major business decisions.
Whereas, Hana, another potential buyer, may not have sufficient funds to enter into a deal of that size.
Lee estimated the price for the 51% stake of Lone Star could be as much as KRW 5trn (USD 4.4bn).
See yesterday’s post ‘Korea Exchange Bank: Lone Star to begin stake sale‘ for the announcement of the sale, and links to previous stories.
(Source: Edaily)
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