Hana Financial Raising $1.26B For KEB Buy

Hana Financial Group plans to raise 1.4 trillion won ($1.26 billion) through a new share issue to fund its $4.1 billion takeover of Korea Exchange Bank from U.S. private equity firm Lone Star, Reuters reported. The shares would be issued to 36 investors including Morgan Stanley Investment Management and Schroder Investment Management, Reuters reported.

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