# Global New Material International acquires 42.45% stake in CQV

Global New Material International Holdings Limited completed the acquisition of a 42.45% stake in CQV Co., Ltd., making CQV a non-wholly owned subsidiary. The deal closed on 22 August 2023.

- Type: Acquisition
- Announced: 2023-08-22
- Where: South Korea
- Status: completed
- Products: pearlescent pigments, mica-based products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [CQV](https://endata.com/companies/64208.md) (target)
- [Global New Material International Holdings](https://endata.com/companies/68176.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/successful-global-acquisition-global-new-material-international--cqv-301909160.html), 2023-08-24: "Upon the Closing, the Company holds 42.45% of the issued shares of CQV and is the single largest shareholder of CQV."

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