Lone Star Cuts Price on KEB Deal

Lone Star has agreed to cut the price of its 4.4 trillion won ($3.9 billion) stake sale in Korea Exchange Bank to Hana Financial Group Inc. by about 11%, Reuters reported Thursday. Lone Star bought into KEB in 2003 and has seen two failed sales attempts -- first to Kookmin Bank for $7.6 billion in 2006 and to HSBC Holdings Plc for $6.3 billion in 2008, Reuters wrote.

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