Wednesday, April 4, 2007

UPDATE 1-Lone Star says seeking to sell two S.Korea firms

(Reuters) - SEOUL, April 4 - U.S. investment fund Lone Star [LS.UL] said on Wednesday it was putting up two of its South Korean holdings -- a small-sized builder and a leasing firm -- for sale, confirming widespread reports of the move.

The fund had been widely expected by industry and market watchers to sell off its South Korean assets after a legal battle with prosecutors forced it to abort its planned $7.3 billion sale of Korea Exchange Bank last November.


Read more at Reuters.com Mergers News

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