Hana Plans on Buying Additional KEB Shares

South Korea’s Hana Financial Group, which has already taken control of Korea Exchange Bank, said it planned to purchase up to 200 billion won ($178.13 million) worth of additional KEB shares from the market. Reuters wrote Wednesday.

(Reuters) – South Korea’s Hana Financial Group which has already taken control of Korea Exchange Bank (KEB) said it planned to purchase up to 200 billion won ($178.13 million) worth of additional KEB shares from the market.

 

Hana said in a regulatory filing that the number of shares had not been finalised yet.

 

The country’s No.4 financial services group by assets struck a $3.5 billion KEB takeover deal with U.S. buyout fund Lone Star. ($1 = 1122.7750 Korean won) (Reporting by Ju-min Park; Editing by David Chance)