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Hanse Cement and LK Investment Partners consortium completed the acquisition of an 84.56% stake in Hyundai Cement from creditors for KRW 6,221 billion, making Hanse Cement the largest cement producer in South Korea.
Hanil Cement and LK Investment Partners were named preferred bidders to acquire an 84.56% stake in Hyundai Cement for KRW 650 billion (US$567 million). The deal would make Hanil the largest cement producer in South Korea.