Lone Star Funds Issues Statement Regarding Korea Exchange Bank

DALLAS, Nov. 25, 2010 /PRNewswire/ -- Lone Star Funds today issued the following statement regarding the announced agreement to sell its controlling stake in Korea Exchange Bank to Hana Financial Group:

Lone Star Funds is pleased to have reached an agreement with Hana Financial Group regarding a sale of its controlling stake in Korea Exchange Bank.  We are proud of KEB's turnaround since rescuing the bank seven years ago following the financial crisis in South Korea, and we believe the business will be in good hands with Hana Financial.  We look forward to working with Hana Financial and the regulatory authorities towards a smooth closing of the transaction.

About Lone Star Funds

Lone Star Funds (Lone Star) is a global investment firm that acquires distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies requiring rationalization. Since the establishment of its first fund in 1995, the principals of Lone Star have organized private equity funds totaling approximately $24 billion of capital that has been invested globally through Lone Star's worldwide network of affiliate offices.

SOURCE Lone Star Funds

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