# GS Construction acquires S&I Construction from LG for $245M

GS Construction, through its subsidiary GFS, has acquired a 60% stake in S&I Construction from LG for 290 billion won ($245 million). S&I Construction is an LG affiliate that builds high-tech factories and petrochemical plants.

- Type: Acquisition
- Announced: 2021-12-14
- Where: South Korea
- Value: $245.0M (290.0B KRW)
- Status: completed
- Products: construction services, plant engineering
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [LG](https://endata.com/companies/20291.md) (partner)
- [GS Construction](https://endata.com/companies/27979.md) (acquirer)
- [S&I Construction](https://endata.com/companies/59688.md) (target)

## Sources

- [dealsite.co.kr](https://dealsite.co.kr/articles/81351/068032), 2021-12-14: "GS건설이 ㈜LG 자회사인 S&I건설(에스앤아이건설)을 품에 안았다."

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