# Hanse Cement acquires Hyundai Cement to become top cement producer

Hanse Cement and LK Investment Partners consortium completed the acquisition of an 84.56% stake in Hyundai Cement from creditors for KRW 6,221 billion, making Hanse Cement the largest cement producer in South Korea.

- Type: Acquisition
- Announced: 2017-07-18
- Where: South Korea
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [LK Investment Partners](https://endata.com/companies/22286.md) (partner)
- [Hyundai Cement](https://endata.com/companies/22287.md) (target)
- [Hanse Cement](https://endata.com/companies/25686.md) (acquirer)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20170718104151002), 2017-07-18: "한일시멘트와 LK투자파트너스 컨소시엄은 산업은행, 하나은행 등 32개 채권자가 보유한 현대시멘트 지분 인수 잔금을 납입하고 최종 인수를 마무리했다고 18일 밝혔다."

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