Yulchon advises Hanwha Group in its spin-off and subsequent sale of the construction material business from Hanwha L&C.
2014.08.12.
Yulchon advised Hanwha Group on its spin-off and subsequent sale of the construction material business from Hanwha L&C (now, Hanwha Advanced Materials Co., Ltd.). The business was purchased by Morgan Stanley PE's overseas investment vehicle at KRW 141.3 billion.
Through this transaction, Hanwha Group will focus on brand-new core businesses and have one of its original businesses operated more closely by a new controlling shareholder. However, Hanwha Group will continue to have an extensive business relationship with the new company so that the new company and its employees can maintain a stable business in the Korean market.
Yulchon provided Hanwha Group with various creative solutions throughout the process of structuring, spin-off, company establishment, negotiation and closing. Since the spun-off business owned several overseas subsidiaries in US, Canada and China, Yulchon also provided advices on foreign laws and related issues.
Expertise
Professionals
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