Corporate & Finance Group advised carsales.com on its acquisition of a 49.9% stake in SK Encarsales.com for KRW 117.5 Billion
2014.04.16.
Yulchon's Corporate & Finance Group advised carsales.com on its KRW 117.5 billion acquisition of a 49.9% stake in SK Encarsales.com, Ltd., a spin-off of SK C&C Co., Ltd.'s online used car business unit. Yulchon represented carsales.com as buyer, advising on the spin-off of the target, the transfer of shares and negotiation of relevant agreements, including the shareholders agreement and strategic alliance agreements. Through this transaction, Korea's leading online used car company, SK C&C, and Australia's largest online car company are expected to cooperate to further enhance both parties' competitiveness in the online used car industry.
Ki Young Kim, Tehyok Daniel Yi, Hyun Jeong Kim, Il Soon Han and Na Young Kim advised on the transaction.
業務分野
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