Korean Exchange Bank looking to Lone Star
(South Korea) Korea’s Exchange Bank is currently negotiating with US investment bank Lone Star to sell shares worth one million won (US$48 million).
The deal is part of the Exchange Bank’s attempt to shore up its capital base by securing additional international capital.
The bank is attempting to sell stakes currently held by Germany’s Commertz Bank and the Export-Import Bank of Korea, which both own 32.5 percent stakes in the bank. South Korea’s central bank holds a 10.7 percent stake.
Lone Star is the exclusive negotiator for capital investment in the Exchange Bank.
The bank is attempting to sell stakes currently held by Germany’s Commertz Bank and the Export-Import Bank of Korea, which both own 32.5 percent stakes in the bank. South Korea’s central bank holds a 10.7 percent stake.
Lone Star is the exclusive negotiator for capital investment in the Exchange Bank.
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