◂ Announcements

Oct 5, 2018ACQUISITIONSouth Korea

Hyundai Department Store Group acquires Hanwha L&C for 368 billion won

Hyundai Home Shopping Network Corp., part of Hyundai Department Store Group, agreed to buy a 100% stake in construction materials maker Hanwha L&C from Morgan Stanley Private Equity for 368 billion won ($325.3 million).

Value

$325.3M (368.0B KRW)

Status

Announced

Productsconstruction materials

CompaniesHyundai Home Shopping Network Corp. acquirer Hanwha L&C Corp. target Morgan Stanley Private Equity investor

Sectors#Construction Materials

“Hyundai Department Store Group said Friday it has agreed to take over a local construction materials maker for 368 billion won.”en.yna.co.kr

1 source
en.yna.co.kr(LEAD) Hyundai Department Store buys construction material firm for 368 bln won | Yonhap News AgencyOct 5, 2018

Summarized from public sources; check the original articles before acting on it.

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