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SK selected Korean private equity firm Hahn & Company as a preferred bidder for the sale of a controlling stake in its wholly-owned specialty gas manufacturer in a deal that could fetch at least 1 trillion won ($762 million).
Hahn & Company, Korea's leading investment firm, has acquired SKC's fine ceramics business unit for $270 million, the firm announced on Friday.
The Seoul Central District Court ruled in favor of Hahn & Company’s lawsuit filed against Namyang Dairy Products’ chairman, ordering the head to sell his controlling stake in the company.
SKC said Wednesday it is selling its polyester (PET) film business to a private equity fund for 1.6 trillion won ($1.27 billion) as it seeks to bolster its drive for battery materials and other eco-friendly sectors.
The nominations of four directors chosen by Hahn & Company were voted down by shareholders of Namyang Dairy Products Tuesday.
Namyang Dairy Products Chairman Hong Won-sik has formally scrapped the takeover of the company he leads and controls, informing the buyer that the deal is off.
Namyang Dairy Products Chairman Hong Won-sik apologizes at a press conference held on May 4 after the company came under fire for a claim that its Bulgaris yogurt drink protects against Covid-19. [JOONGANG PHOTO]
The former chairman of Namyang Dairy Products has sold all his shares in the company following much criticized claims that the Bulgaris yoghurt drink protects against Covid-19.
Korean Air Lines is unloading its in-flight businesses to a private equity investment group as part of its restructuring effort.
Korea JoongAng Daily Sitemap