Lone Star Funds Plans to Sell Korea Exchange Stake to Hana, Journal Says

Lone Star Funds plans to sell its 51 percent stake in Korea Exchange Bank to Hana Financial Group Inc., the Wall Street Journal reported, citing an unidentified person close to the deal.

The sale, worth about $3.8 billion, may end Australia & New Zealand Banking Group Ltd.’s bid for the stake, the newspaper said.

To contact the editor responsible for this story: Heather Burke at hburke2@bloomberg.net

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