Gohap Group Sold Subsidiary for 260 Million Dollars
Gohap Group sold a subsidiary in Germany, EMTEC, for 260 million dollars.The company announced on September 17 that it sold EMTEC to a consortium called LGV of the UK and APEX Partners of Germany and received part of the payment on September 16.
EMTEC is a magnetic tape production company with good operating performances which Gohap acquired from BASF of Germany in January,1997, Gohap explained.
with the Korea JoongAng Daily
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