HSBC deal for KEB stake shows its use of acquisitions
Article Abstract:
US private equity company Lone Star Funds does not anticipate legal complications in the selling of its 51% stake in Korea Exchange Bank to UK financial services firm HSBC Holdings PLC. The deal, valued at $6.3 bil, indicates HSBC's willingness to grow via acquisitions if organic growth is insufficient.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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South Korea's Chohung is sold
Article Abstract:
Chohung Bank, a South Korean firm controlled by the government, has been acquired by Shinhan Financial Group. Shinhan acquired the goverment's 80.04% share in Chohung.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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Commerzbank to reduce stake in lender
Article Abstract:
Lone Star Funds will acquire part of Commerzbank AG's share in Korea Exchange Bank. Lone Star will acquire 51% of Korea Exchange in the deal.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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