HSBC before entrance with Korea Exchange bank

The British group of major banks HSBC of getting thing possibly stands before a significant acquisition in Korea: It confirmed on Monday to lead with the American private Equity society Lone star of discussions across the purchase of their majority portion from 51% Korea Exchange bank (KEB). The purchase price would amount to 4,8 billion $. For the British major bank control of the quoted KEB would represent an important expansion step: In Asia the group (due to its roots as Hong Kong and Shanghai Banking Corp.) in Hong Kong is represented, in the last years in addition, increasingly in Southeast Asia engaged themselves and acquired participation in banks and life insurers in China strongly. After HSBC endeavored around international diversification over the acquisition of the Household international as well as the Republic New York had set particularly in the USA growth emphasis, on the half yearly press conference of the bank in July the foreign exchange was spent to set again strengthened on faster growing developing countries in Asia.