LS Cable & System acquires 31.59% stake in Gaon Cable

LS Cable & System signed a contract to acquire a 31.59% stake in Gaon Cable from individual major shareholders for approximately KRW 30.3 billion ($28 million), becoming the largest shareholder.

“We will be able to build differentiated competitiveness in the global cable market by sharing LS Cable & System's global business competencies and experiences with Gaon Cable.”lscns.co.kr

• 2 sources
• lscns.co.krX < News < PR Center - LS Cable & SystemJan 24, 2018
• asiae.co.krLS전선, 가온전선 편입…"글로벌 경쟁력 강화·지배구조 단순화"원다라 기자Jan 24, 2018

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