Hanil Cement and LK Investment Partners chosen as preferred bidders for Hyundai Cement

Written by Global Cement staff 17 February 2017

South Korea: Hanil Cement and LK Investment Partners have been chosen as the preferred bidders for the acquisition of Hyundai Cement. They won out against rival bidders as their offer was higher than expected at US$567m, according to the Maeil Business Newspaper. They were bidding to buy a 85% stake in Hyundai Cement. If the purchase completes then Hanil Cement could increase it market share to 30% from 20% at present.

Last modified on 22 February 2017

Published in Global Cement News

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