Hana Extends Deadlines for $1B Share Sale

Hana Financial Group plans to extend the deadline for a $1 billion share sale designed to help fund its $4.1 billion acquisition of Korea Exchange Bank, Reuters reported. The firm, which is buying the bank from private equity firm Lone Star, plans to accept letters of interested until mid-January. Reuters also said private equity firms Carlyle Group, Corsair Capital and MBK Partners have submitted letters of interest to buy the shares.

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