An accord has been sealed by Glenwood Private Equity to purchase Lafarge Halla Cement in South Korea for some KRW 630 billion (€480.22 million/US$541.14 million). The vendor is France's LafargeHolcim. By the end of April 2016, the takeover will reach completion. An agreement has been sealed by a consortium consisting of PEF Baring Private Equity Asia (Baring PEA) and Glenwood PE with LargeHolcim to take over the cement company. Of the total takeover price, it is understood that Baring PEA wil
An accord has been sealed by Glenwood Private Equity to purchase Lafarge Halla Cement in South Korea for some KRW 630 billion (€480.22 million/US$541.14 million).
The vendor is France’s LafargeHolcim.
By the end of April 2016, the takeover will reach completion.
An agreement has been sealed by a consortium consisting of PEF Baring Private Equity Asia (Baring PEA) and Glenwood PE with LargeHolcim to take over the cement company.
Of the total takeover price, it is understood that Baring PEA will fund KRW 180 billion; KRW 400 billion to be financed by Glenwood PE, while the balance of KRW 50 billion will be secured from corporate financing.
