koreajoongangdaily.com

Hanwha Group Raises Korea Aerospace Stake Above 15% Triggering Antitrust Review

Hanwha Corporation logoHanwha Corporation
Sig2.60Sen+1.40Env0.00Soc0.00Gov-0.40
Korea Aerospace Industries logoKorea Aerospace Industries
Sig2.42Sen+1.05Env0.00Soc0.00Gov+0.62

Hanwha Group’s holding in Korea Aerospace Industries has moved to 15.89%, crossing the 15% level that requires an antitrust review filing. Hanwha Aerospace holds 9.9% and Hanwha Aerospace USA 1.01%. The purchase follows Hanwha Systems’ plan to buy up to 500 billion won of KAI shares this year. Hanwha says it has no management control, enabling a simplified FTC process.

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