Korea pension fund seeks to buy KEB from Lone Star
605549
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.
550186
SEOUL: HSBC Holdings is expected to be named the preferred bidder to buy South Korea&#39;s eighth-largest lender Korea First Bank, a source at the Korean bank familiar with the deal said yesterday.
615114
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.
457198
HSBC Holdings Plc has contacted Lone Star about buying Korea Exchange Bank (KEB) from the U.S. private equity fund, the UK's Daily Telegraph reported on Tuesday.
341444
HSBC Holdings is in talks to buy Korea First Bank from its controlling shareholder, Newbridge Capital.
615237
HSBC Holdings, Europeâs biggest bank, agreed to buy a 51 percent stake in Korea Exchange Bank for $6.3 billion as it attempts to bolster its presence in the fast-growing Asian market. The purchase of the stake from the United States private equity group Lone Star Funds would allow Lone Star, based in Dallas, to exit a controversial investment. HSBC, based in London, said that it did not intend to make an offer for the remainder of the Korean bankâs shares and that the bank would remain listed on the Korea Exchange. The acquisition would catapult HSBC past its foreign rivals Standard Chartered and Citigroup. Both have bested HSBC in the past in purchasing local banks during the post-Asian crisis turmoil. A local court in South Korea has been investigating allegations that Lone Star manipulated the stock price of the Korean bankâs credit card unit in 2003 so that the bank could take it over at a lower price.
285226
Some of the nationâs largest public pension funds are leaning on European and Asian oil companies to reconsider their investments in Iran.
525585
A group of shareholders led by investment manager K Capital Management LLC has urged newspaper publisher Sun-Times Media Group to immediately put itself up for sale, according to a regulatory filing yesterday.
296265
Private equity house Lone Star sold a larger-than-expected 13.6 percent stake in lender Korea Exchange Bank, raising $1.28 billion, a source said, as the U.S. firm begins to exit an investment burdened by legal challenges.
356792
Business & money: Retailer Sir Philip Green has explored the sale of Arcadia's Â£700m pension fund
435563
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.
587340
A Canadian state pension fund and an Australian fund manager are linked with a bid for Anglian Water's owner.
720166
HSBC  , Europe's biggest bank, said on Monday it had agreed to buy a 51.02 percent stake in Korea Exchange Bank , the sixth largest bank in Korea, for about $6.3 billion cash.
307425
U.S. private equity fund Lone Star  is in talks with several strategic investors to sell Korea Exchange Bank (KEB) , Lone Star chairman John Grayken said in an interview with a local newspaper on Monday.
544466
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
326390
AMSTERDAM, Netherlands Global food retailer Royal Ahold NV is selling grocery chains BI-LO and Bruno&#39;s to Dallas-based Lone Star Funds.
648828
Lone Star FundsÂ 1.4 trillion won ($1.5 billion) purchase of the Korea Exchange Bank in 2003 was illegal, South Korean prosecutors said, setting up a court case that may cause the sale to be annulled. A former finance ministry official, Byeon Yang-ho, took bribes and conspired with the former president of Korea Exchange, Lee Kang-won, to drive down the sale price by as much as $900 million, the Supreme ProsecutorsÂ Office said. Mr. Byeon denied the accusations. Regulators will determine whether the sale should be voided, said Chae Dong-wook, a prosecutor. Last month Lone Star abandoned the sale of the bank to Kookmin Bank for a profit of about $4 billion because of the investigations. ÂIt is the same old broad conspiracy theory that never made any sense and still is not supported by any hard evidence,Â Lone StarÂs chairman, John Grayken, said in a statement.