# Woongjin consortium to buy Coway for 1.68 trillion won

Woongjin Co.'s consortium, including Woongjin Thinkbig and STIC Investment, signed an agreement to acquire a 22.17% stake in Coway Co. from MBK Partners for 1.68 trillion won ($1.48 billion). The deal is set to close around March 2019.

- Type: Acquisition
- Announced: 2018-10-29
- Where: South Korea
- Value: $1.48B (1680.0B KRW)
- Status: announced
- Products: water purification products
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [MBK Partners](https://endata.com/companies/14347.md) (partner)
- [Woongjin Thinkbig Co.](https://endata.com/companies/35174.md) (acquirer)
- [STIC Investment Inc.](https://endata.com/companies/35175.md) (acquirer)
- [Coway Co.](https://endata.com/companies/35176.md) (target)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20181029002351320), 2018-10-29: "The acquisition of Coway will serve as a driving force of Woongjin Group."

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