A Seoul administrative court again ruled Friday that the state tax office should refund Lone Star Funds 177.2 billion won (US$159 million) in taxes collected from the U.S. buyout fund in its sale of a stake in Korea Exchange Bank (KEB).
In June 2007, Lone Star, which bought KEB in 2003, sold part of its stake in the lender for 1.19 trillion won via a block sale. In 2012, Lone Star sold the rest of its stake to Hana Financial Group for 3.91 trillion won.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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