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| KBD Chief Says Banks Seeking Lehman Deal |
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| Written by the Associated Press | |
| September 01, 2008 06:17 PM | |
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SEOUL, South Korea (AP) - A South Korean news agency has reported that the head of state-owned Korea Development Bank says talks are under way to acquire troubled U.S. investment bank Lehman Brothers. Yonhap news agency said Tuesday that KDB Governor Min Euoo-sung that discussions are under way "to form a consortium with private banks as (we) believe it is more desirable to acquire Lehman Brothers jointly rather than alone." According to Yonhap, Min also said: "It is difficult to say how the talks will progress in the future as we have not been able to narrow differences with the Lehman side over prices."              |
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| Last Updated ( September 01, 2008 06:17 PM ) |
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