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Hana says to discuss with Lone Star to extend KEB takeover deal

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By Abdul Ahad
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Hana-Financial GroupSEOUL: Hana Financial Group  said the company would discuss with Lone Star to extend its $4.1 billion takeover deal of Korea Exchange Bank

It came after the country's regulator delayed a review on whether Lone Star is fit to be KEB's top shareholder, putting again the country's biggest banking acquisition deal in doubt.

"Delaying a decision does not mean that the stake purchase deal is falling apart and we will seek various solutions including legal interpretation," a company spokesman said.

Copyright Reuters, 2011

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