‘Aggressive’ Hana warned not to rush into KEB merger
US private equity firm Lone Star Funds will not appeal to Korea’s High Court, after its former Korea head was found guilty of manipulating stock prices.
The firm could now be forced to sell at least part of its stake in Korea Exchange Bank, opening the door for Hana Bank to complete an acquisition it has been eyeing for more than a year. But analysts warn that Hana should not rush into the deal.
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