July 8, 2011 / 6:20 AM / 8 years ago

Hana cuts KEB stake purchase price 6 pct to $4.1 bln

SEOUL, July 8 (Reuters) - South Korea’s Hana Financial Group said on Friday it had agreed to cut the acquisition price of a controlling stake in Korea Exchange Bank (KEB) from U.S. fund Lone Star by 6 percent to 4.4 trillion won ($4.1 billion).

Hana has also agreed to extend the deal deadline with Lone Star to the end of November, it said in a regulatory filing. ($1 = 1064.000 Korean Won) (Reporting by Ju-min Park; Editing by Jonathan Hopfner)

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