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.
Contact: |
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Ed Trissel |
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Joele Frank, Wilkinson Brimmer Katcher |
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212.895.8654 |
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SOURCE Lone Star Funds
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