17 Aug 2010

ANZ mulls stake in Korea Exchange Bank

12:13 pm on 17 August 2010

ANZ Bank is pouring over the books of the Korea Exchange Bank, as it considers buying a 57% stake.

The stake, worth approximately $US3.8 billion, is being sold by global investment firm Lone Star funds.

ANZ says an acquisition would have to add value for shareholders in the short to medium term.