South Korea: Hanil Cement has completed its acquisition of Hyundai Cement. A consortium of Hanil Cement and LK Investment Partners paid US$552m for a controlling stake of 85% of Hyundai Cement from 32 creditors, including Korea Development Bank and Hana Financial Investment, according to the Maeil Business Newspaper. The acquisition increases Hanil Cement’s cement production capacity significantly with the addition of two integrated cement plants and other associated units.
Hanil Cement completes purchase of Hyundai Cement
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