Korea pension fund seeks to buy KEB from Lone Star
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South Korea's National Pension Service is interested in buying a 51 percent stake in Korea Exchange Bank (KEB) from U.S. investment firm Lone Star, the fund's chief investment officer told Reuters on Tuesday.
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SEOUL EBay on Wednesday offered to buy the remainder of Internet Auction, its South Korean affiliate, for about $530 million, in seeking to further expand its presence in Asia.
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Banking giant HSBC is moving to expand its presence in Asia through the acquisition of Korea First Bank. It has also been reported that Standard Chartered is competing with its
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Business & money: Retailer Sir Philip Green has explored the sale of Arcadia's Â£700m pension fund
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U.S. private equity fund Lone Star   is in talks with several strategic investors to sell  Korea Exchange Bank (KEB) (004940.KS), Lone Star chairman John  Grayken said in an interview with a local newspaper on Monday.
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A Canadian state pension fund and an Australian fund manager are linked with a bid for Anglian Water's owner.
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US investment fund Steel Partners II on Thursday offered to buy 90 percent of Gencorp Inc. (GY.N: Quote, Profile, Research) it does not already own for about $700 million
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Four major pension funds, including the California Public Employees&#39; Retirement System, said Tuesday that they will push for shareholders to be able to nominate up
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A Monaco-based fund which holds a stake in SK Corp threatened yesterday to take legal action against a corruption-tainted chief executive at the company, South Korea&#39;s largest oil refiner.
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The United States and Russia are working on a plan to transfer $25 million in once frozen North Korean funds held at an Asian bank, a move aimed at reviving stalled nuclear disarmament efforts.
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U.S. investors Carl Icahn and Warren   Lichtenstein are preparing a tender offer for KT&G Corp. , a   South Korean brokerage said, sending shares of the country's   top tobacco maker up over 6 percent on Friday.
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Prosecutors indicted a Korean bank and a Belgium-based holding company owned by Lone Star Funds, an American private equity group, on charges of stock price manipulation in connection with Lone StarÂs 2003 acquisition of the bank. Lone StarÂs vice chairman, Ellis Short, and its general counsel, Michael Thomson, already face charges of spreading false information to weaken the stock price of the Korea Exchange BankÂs credit card unit before it was bought by Lone Star. The new charges are against the bank and LSF-KEB Holdings, a paper company based in Brussels that Lone Star set up in 2003 to take over the bank, according to Chae Dong-wook, a senior prosecutor. Officials of the bank and other Lone Star officials declined to comment.
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SEOUL -- US private-equity group Lone Star Funds said yesterday it was terminating a contract to sell its controlling stake in a South Korean bank, scrapping a deal worth billions of dollars amid a high-profile probe by prosecutors.
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Houston&#39;s Halliburton is considering selling its KBR unit, the object of numerous investigations, persistent losses and ongoing bankruptcy.
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US private equity firm Lone Star's 2003 purchase of Korea Exchange Bank was illegal, prosecutors have said.
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U.S. buyout fund Lone Star said on Sunday  it was still in talks with South Korea's Kookmin Bank  (060000.KS) to sell Korea Exchange Bank (KEB) (004940.KS) but  may decide to scrap a preliminary deal reached in May.
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HSBC Holdings PLC, Europe's biggest bank, agreed to buy a 51 percent stake in Korea Exchange Bank for $6.3 billion as it attempts to boost its presence in the fast-growing Asian market.