Texas-based Lone Star is likely to continue its attempts to sell their stake in Korea Exchange Bank, E-Today reported citing financial sector sources.
Lone Star may turn its attention to local financial companies for sale talks if the ongoing talks with ANZ are not successful, according to the report citing an unidentified source.
South Korean investment firm MBK Partners is preparing to form a bidder consortium, the report added citing the source.
As reported, Australia-based bank ANZ is carrying out due diligence on Korea Exchange Bank in relation to the potential sale of a 51% stake held by Lone Star.
Source: E-Today (translated)
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