Goldman Sachs has sold its remaining stake in Korea’s Hana Financial Group through a W370.03 billion $329 million self-led block trade that was completed last night. The deal was triggered by reverse inquiries after the share price had risen 18.3% during the past four weeks and was several times covered, according to a source.
The level of demand allowed Goldman to fix the price just above the mid-point of the price range for a 3% discount.
The uncertainties surrounding Hana has cleared in recent weeks after the Korean financial holding company finally got regulatory approval to buy Lone Star’s majority stake in Korea Exchange Bank KEB....
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