Hahn & Co moves towards control of Korea's Ssangyong Cement
Korean GP Hahn & Company will assume majority control of Ssangyong Cement with the acquisition of a stake held by Japan-listed Taiheiyo Cement for KRW454.8 billion ($394 million).
According to a Taiheiyo filing, Hahn & Co. will buy 25.9 million shares in Ssangyong, amounting to a 32.4% stake - 27.49% from Pacific Ocean Cement and 4.87% from TCC Holdings. As a result, the private...
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