# 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).

- Type: Acquisition
- Announced: 2018-10-05
- Where: South Korea
- Value: $325.3M (368.0B KRW)
- Status: announced
- Products: construction materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Hyundai Home Shopping Network Corp.](https://endata.com/companies/34752.md) (acquirer)
- [Hanwha L&C Corp.](https://endata.com/companies/34753.md) (target)
- [Morgan Stanley Private Equity](https://endata.com/companies/34754.md) (investor)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20181005005451320), 2018-10-05: "Hyundai Department Store Group said Friday it has agreed to take over a local construction materials maker for 368 billion won."

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