Thursday, June 21, 2007

UPDATE 3-Lone Star sells KEB stake for $1.28 bln-source

(Reuters) - The Dallas-based fund is cashing in on some of its other
investments in South Korea, with a source close to Lone Star
saying it could announce plans to sell two other South Korean
units -- Kukdong Engineering and Construction and leasing firm
STARLease -- as early as Friday.




Lone Star is likely to reap another 600 billion won from those assets, which could take the total it has
raised from sales in South Korea to around $1.9 billion.


Read more at Reuters.com Mergers News

No comments: