MSPEA in $293m Korea construction materials carve-out
Morgan Stanley Private Equity Asia (MSPEA) has acquired a construction materials business from a subsidiary of South Korean conglomerate Hanwha Group in a deal worth KRW300 billion ($293.4 million), including debt.
The PE firm's contribution is around KRW141.3 billion. Yonhap News Agency reported the transaction and sources close to MSPEA confirmed the details to AVCJ. Hanwha L&C produces advanced materials typically...
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