Select a page

Banking News

JPMorgan Chase & Lone Star after Seoulbank

JPMorgan Chase & Lone Star after Seoulbank

(South Korea) - JPMorgan Chase & Co and US investment fund Lone Star are reportedly bidding for South Korea's Seoulbank jointly with Hana Bank. Hana Bank and two other foreign investors had been selected as negotiating partners to take over the nationalised lender, a consortium which has clearly now moved forward with reports of a 100 percent acquisition without any put-back option.

A three-week due diligence process is underway, with final bids to be tabled by the end of July through lead managers for the sale - Goldman Sachs and Samsung Securities.

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.