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The Korea Development Bank is trying to form a consortium to buy Lehman Brothers, America's fourth largest investment bank, but other Korean banks on Wednesday denied they want to join.
Woori Financial Group in a press release said it "neither received an offer nor considered it on our own." Shinhan Financial Group said it had ¡°no intention to buy Lehman Brothers, including joining a consortium, not have we reviewed the possibility."
Hana Financial Group also denied joining hands with the KDB to buy the troubled investment house.
KDB, however, has already sent a letter of intent to buy a 25 percent stake of Lehman Brothers after forming a consortium with Korean banks and is waiting for an answer from Lehman.
(englishnews@chosun.com )
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