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S.Korea Hana Fin wins regulatory approval to buy KEB -official
SEOUL |
SEOUL Jan 27 (Reuters) - South Korean regulators approved on Friday Hana Financial Group's 3.9 trillion won ($3.48 billion) deal to acquire Korea Exchange Bank , an official said, paving the way for U.S. private equity firm Lone Star's long-sought sale of the local lender.
The official did not provide further details.
Amid two collapsed deals, legal actions, an office raid, dumped advisers, bad press, a financial crisis and a rapid market recovery, Lone Star has struggled to close one of the most contentious and widely publicised private-equity exits in Asia.
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