# Hanil Cement and LK Investment named preferred bidders for Hyundai Cement

Hanil Cement and LK Investment Partners were named preferred bidders to acquire an 84.56% stake in Hyundai Cement for KRW 650 billion (US$567 million). The deal would make Hanil the largest cement producer in South Korea.

- Type: Acquisition
- Announced: 2017-02-17
- Where: South Korea
- Value: $567.0M (650.0B KRW)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Hanil Cement](https://endata.com/companies/22285.md) (acquirer)
- [LK Investment Partners](https://endata.com/companies/22286.md) (acquirer)
- [Hyundai Cement](https://endata.com/companies/22287.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/161131/south-korea-preferred-bidders-named-in-us-567m-hyundai-deal.html), 2017-02-17: "Hanil Cement Company and LK Investment Partners have been named as the preferred bidders to acquire Hyundai Cement."
- [etoday.co.kr](https://www.etoday.co.kr/news/view/1475234), 2017-03-31: "LK-한일 컨소시엄은 이날 산업은행과 우리은행, 하나은행 등 31개 채권자가 보유한 현대시멘트 경영권 지분 84.56%를 인수하는 본계약을 체결했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.