LG Chem acquire Woongjin Chemical

LG Chem to acquire Woongjin Chemical

10:41 AM, 14th May 2013
LG Chem to acquire Woongjin Chemical

SEOUL, KOREA: LG Chem has plunged into a fray to acquire Woongjin Chemical, a Woongjin Group affiliate. According to investment banking sources on 13 May 2013, LG Chem has appointed Samil PwC and Lee & Ko LLC as financial and legal consultants, respectively, in a bid to take over Woongjin Chemical.

Other contenders for Woongjin Chemical include Toray Advanced Materials Korea, Huvis, GS Group, Hyosung Group, Cheil Industries, and TK Chemical, a Samra Midas affiliate. Of these, Toray Advanced Materials and Huvis have already made it official by selecting principal underwriters for the deal.

© Korea IT Times News

 

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