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Hana Continues Talks With Lone Star on Korea Exchange Deal

Hana Financial Group Inc. remains in talks to acquire Korea Exchange Bank for 4.7 trillion won ($4.3 billion), after its stock plunged to a seven-month low yesterday on speculation the deal will fall through.

Hana, South Korea’s fourth-biggest financial company, is continuing negotiations to renew a contract with Lone Star Funds initially signed in November, the Seoul-based bank said in an e-mailed statement. Talks will continue even with the U.S. fund mired in a court case over Korea Exchange, Hana said.