LX Group to acquire HanGlas for $506 million

LX Group, through LX International, plans to acquire a 100% stake in Hankuk Glass Industries (HanGlas) from Glenwood PE for about 600 billion won ($506 million). A formal contract is expected in Q1 2022.

“LX Group was scheduled to sign a memorandum of understanding (MOU) with Glenwood PE to buy a 100% stake in Hankuk Glass Industries Inc. (HanGlas) for about 600 billion won ($506 million).”kedglobal.com

• 1 source
• kedglobal.comLX Group to buy glassmaker from Glenwood PE - KED GlobalChae-Yeon KimDec 24, 2021

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