HSBC faces hurdles in KEB bid: a deal would test Korea on openness to foreigners and set stage for rivalry

Article Abstract:

HSBC Holdings PLC is in talks with US investment company Lone Star Funds to purchase its majority stake in Korea Exchange Bank, currently valued at $8.8 bil. The acquisition would be required to go through Korean regulatory processes; potential rivals for KEB include Citigroup Inc. and Standard Chartered PLC.

Commercial Banks, Real estate investment trusts, Real Estate Invest Trusts, United States, Banking industry, South Korea, Korea Exchange Bank (Seoul, South Korea), HSBC Holdings PLC, Lone Star Funds

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Fimalac bids for Les Echos and gets support of staff opposing LVMH deal

Article Abstract:

France's Fimalac S.A. has offered $338 mil to buy financial daily Les Echos from Pearson PLC, besting a bid by luxury goods firm LVMH Moet Hennessy Louis Vuitton S.A. Journalists at Les Echos oppose a LVMH deal and support Fimalac's offer.

PRINTING AND PUBLISHING, Publishing, Publishing Industries, Printing & Publishing, Publishing industry, France, Pearson PLC, LVMH Moet Hennessy Louis Vuitton S.A., Les Echos (Newspaper), Fimalac S.A.

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