All posts tagged Korea M&A
Hynix Update: No LOIs received; block sale looks likely
Today (February 12) is the deadline for submitting LOIs in the sale of Hynix, however according to this Korean report in the Maeil Business, still no proposals have been received.
The article cited an unidentified insider at the creditor group as …
Hyundai Securities’ SPAC listing approved
According to this report in Korea's Money Today newspaper, Hyundai Securities has received approval to list a KRW 20bn SPAC this month. A SPAC (special purpose acquisition company) is
Kumho Asiana: Creditors may sell Kumho Industrial
The creditors of Kumho Asiana may sell Kumho Industrial after the construction company normalises its operations, reported Money Today. Kumho Industrial is the listed South Korean construction unit of
Sold: Lotte signs deal to acquire GS Retail’s supermarket chain, department store units
Lotte Shopping yesterday signed an agreement to acquire GS Retail's supermarket chain and department store units for KRW 1.34trn (USD 1.15bn). GS Retail is the unlisted retail company that
GS Retail Update: Lotte likely to acquire stores
The Yonhap News article 'Lotte likely to acquire GS discount stores' states - SEOUL, Feb. 9 (Yonhap) -- Lotte Group, a South Korean conglomerate, is likely to buy the
Woori Privatization Update: Subsidiaries may be put up for sale
Kyongnam Bank and Kwangju Bank, the unlisted subsidiaries of Woori Financial, may be put up for sale during the privatization process, reported the Korea Economic Daily. The unsourced report
Autoliv to Merge Delphi’s Airbag and Safety Belt Units
The South Korea’s Fair Trade Commission has approved Autoliv's take over of the airbag and safety belt business units of Delphi Korea. In the article 'Autoliv to Merge Delphi’s
OSI Update: Permira revealed as PE fund in talks
Permira was revealed as the fund that is in acquisition talks for OSI Restaurant's Asian subsidiaries, reported Money Today here (Korean). The report, which cited industry sources, claimed
Bennigan’s Update: Barunson denies interest
According to a stock exchange announcement, Barunson, the listed South Korean stationary maker, has denied the news report that it is in talks to acquire Bennigan's from
Hynix Update: Hanwha & GS deny interest
Contrary to earlier reports South Korean conglomerates Hanwha and GS have no plans to acquire a controlling stake in Hynix Semiconductor. The information was disclosed via their statements to
