KDB seeking control of Lehman for $6 billion: report
A car entering the headquarters of Korea Development Bank (KDB) is reflected in a KDB logo, in Seoul September 4, 2008.
Credit: Reuters/Jo Yong-Hak
SEOUL |
SEOUL (Reuters) - State-run Korea Development Bank is seeking a controlling stake in Lehman Brothers for about $6 billion, Yonhap reported on Wednesday, citing a high ranking KDB official.
South Korean news agency Yonhap quoted the unnamed official as saying the two sides were negotiating and the deal's size was larger than the 25 percent stake mentioned in previous reports.
(Reporting by Cheon Jong-woo; Editing by Keiron Henderson)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters