Lone Star mulls scrapping $7.3 billion Korean bank sale

Lone Star’s cofounder and chairman is thinking about terminating a $7.3 billion deal to sell its stake in Korea Exchange Bank because of widening probes into its 2003 purchase. Local prosecutors have indicted the bank and Lone Star on stock manipulation charges.

To view this content, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

Register now to access this content and more for free.

Share this