(Reuters) - The fund had been widely expected by industry and market watchers to sell off its South Korean assets after a legal battle with prosecutors forced it to abort its planned $7.3 billion sale of Korea Exchange Bank last November.
"As the companies have been turned around, it is now time for them to be taken to the next level by a more strategic buyer," John Grayken, Lone Star's chairman, said in a statement.
Read more at Reuters.com Business News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment