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Friday, May 13, 2011

Hana Fin in contact with Lone Star to extend KEB deal -chairman

Hana Financial Group is in contact with U.S. takeover fund Lone Star to extend the agreed $4.1 billion deal on Hana's takeover of Korea Exchange Bank (KEB) , Hana's chairman said on Friday. His remarks came against the backdrop of regulatory delays that have plagued Hana's planned purchase of a 51 percent stake in KEB from Lone Star.

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