Hana says open to interest in $1 billion share sale

SEOUL (BestGrowthStock) – Hana Financial Group Inc (086790.KS: ) is receiving expressions of interest for a $1 billion share sale by the end of January to help fund its purchase of Korea Exchange Bank (KEB) (004940.KS: ), Hana officials said on Wednesday.

“We will pick the best investor at the end of January and make a public announcement,” a high-ranking Hana official who requested anonymity told Reuters.

The officials denied reports that the company had shortlisted six bidders.

Meanwhile, a source with knowledge of the share sale told Reuters that about ten investors had submitted letters of intent, including Carlyle Group (CYL.UL: ), Corsair Capital and MBK Partners.

(Reporting by Ju-min Park; Editing by Chris Lewis)

Hana says open to interest in $1 billion share sale