Hana, Lone Star in Talks For Smaller KEB Deal

Hana Financial Group is in talks with U.S. private equity firm Lone Star to buy a smaller, 10% stake in Korea Exchange Bank, Reuters reported Friday. Hana agreed to buy Lone Star's 51% stake in KEB late last year, but the deal has been beset by regulatory and legal hold-ups, and disagreements over pricing. Buying a 10% or smaller stake would showing Hana's commitment to the deal and keep the parties at the negotiation table to give them time to save the deal, Reuters wrote.

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