# SeAH Besteel to acquire Alcoa Korea for 76 billion won

SeAH Besteel announced it will acquire 100% of Alcoa Korea, an aluminum materials company, for 76 billion won. The acquisition is aimed at diversifying into aluminum materials for aerospace, defense, and automotive sectors. The share acquisition date is December 31, 2019.

- Type: Acquisition
- Announced: 2019-10-30
- Where: South Korea
- Value: $65.0M (76.0B KRW)
- Status: announced
- Products: high-strength aluminum alloys, forged products, metal tube products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SeAH Besteel](https://endata.com/companies/42484.md) (acquirer)
- [Alcoa Korea](https://endata.com/companies/43002.md) (target)

## Sources

- [dealsite.co.kr](https://dealsite.co.kr/articles/53429), 2019-10-30: "세아베스틸은 30일 공시를 통해 알코닉코리아 지분 100%(주식 8794만3370주)를 760억원에 취득하기로 결정했다고 밝혔다."

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