Lone Star Funds Issues Statement Regarding Korea Exchange Bank

DALLAS, March 10 /PRNewswire/ -- Lone Star Funds today issued the following statement regarding its portfolio holding, Korea Exchange Bank:

Lone Star Funds has engaged Credit Suisse to conduct a sale process regarding Lone Star Funds' majority interest in Korea Exchange Bank.  It is anticipated that qualified participants will include Korean, non-Korean, strategic and financial investors.  There can be no assurance that this process will result in a sale of the shares. Lone Star Funds does not intend to issue any updates while the sale process is ongoing.  

About Lone Star Funds

Lone Star is a global investment firm that acquires 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