Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

Ssangyong Cement Industrial / Equity Bottom-Up

It was announced on June 23rd that <a href="https://www.smartkarma.com/entities/9345" target="_blank" data-smartkarma-citation="entities:9345:1">Ssangyong Cement Ind (003410 KS)</a> will acquire a 100% stake in Daehan Cement (owned by Hahn &amp; Co., a private equity firm) for 265 billion won (US$235 million). Daehan Cement has about 5 market share in the domestic cement sector. Daehan Cement generated sales of 240.6 billion won and EBITDA of 47 billion won in 2016. The acquisition is based on about 8x EV/EBITDA using estimated EBITDA of 52 billion won in 2017.Hahn &amp; Co. also owns a 77.4% stake in Ssangyong…

It was announced on June 23rd that Ssangyong Cement Ind (003410 KS) will acquire a 100% stake in Daehan Cement (owned by Hahn &amp; Co., a private equity firm) for 265 billion won (US$235 million). Daehan Cement has about 5 market share in the domestic cement sector. Daehan Cement generated sales of 240.6 billion won and EBITDA of 47 billion won in 2016. The acquisition is based on about 8x EV/EBITDA using estimated EBITDA of 52 billion won in 2017.Hahn &amp; Co. also owns a 77.4% stake in Ssangyong…

Korea M&A Spotlight: Ssangyong Cement Acquires Daehan Cement for 265 Billion Won

South Korea

Sungshin Cement Co., Ltd. manufactures cement, ready-mixed concrete, clinker, and dry ready-mixed cement mortar.  The Company provides its products mainly to domestic market.

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Sungshin Cement (004980 KS)

Korea M&A Spotlight: Ssangyong Cement Acquires Daehan Cement for 265 Billion Won

It was announced on June 23rd that Ssangyong Cement Ind (003410 KS) will acquire a 100% stake in Daehan Cement (owned by Hahn & Co., a private...

Douglas Kim

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