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HSBC Shops for Controlling Stake in KEB

Bank looks to strengthen presence in Korean economy

By Sam Gale Rosen, Newser Staff

Posted Aug 20, 2007 3:29 PM CDT

(Newser) – HSBC is in talks to buy a controlling stake in Korea Exchange Bank from the U.S. private equity group Lone Star. A local newspaper has reported that the deal would be worth $4.5 billion. HSBC wants to strengthen its presence in the Korean... Read full story »

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HSBC Shops for Controlling Stake in KEB

Bank looks to strengthen presence in Korean economy

bank • acquisition • US economy • HSBC • Korea Exchange Bank • Lone Star • Kookmin

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More Newser Stories

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