Hahn & Co buys Korean Air's catering, duty free businesses
Hahn & Company is making its second acquisition from South Korea’s Hanjin Group – six years after carving out the Hanjin Shipping bulk carrier business – having agreed to buy the in-flight catering and duty-free operations of Korean Air for KRW990.6 billion ($835 million).
The deal – said to have been negotiated on a proprietary basis – ranks as the largest private equity buyout in Korea so far this year. Korean Air will take a 20% stake in the business post-divestment...
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