Hana Financial to Raise 1.05 Billion to Fund KEB Buy

South Korea's Hana Financial Group will raise around 1.2 trillion won ($1.05 billion) in a rights issue designed to fund its $4.1 billion acquisition of Korea Exchange Bank, Reuters reported, citing a story in the Korea Economic Daily. Hana agreed in November to buy a 51% stake in Korea Exchange Bank from U.S. private equity fund Lone Star.

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