Tiny stake excluded from Namyang Dairy Products deal One of the owner's family members will remain minority shareholder with 0.45% stake
Translated by Kim So-in 공개 2021-06-02 07:42:05
이 기사는 2021년 06월 02일 07:29 thebell 에 표출된 기사입니다.
Some of Namyang Dairy Products' stake held by the owner's family members was not included in Hahn & Co’s latest acquisition of the company, drawing attention to the reason for the exclusion.Namyang recently announced that it will sell around 53% of the dairy product maker including 51.68% owned by the company’s ex-chairman Hong Won-sik, 0.89% owned by Hong’s wife and 0.06% owned by his grandson to the Seoul-based private equity firm for approximately 310.7 billion won ($278 million).
It is notable that Hong’s younger brother Myeong-sik will remain a minority shareholder with a 0.45% stake. Myeong-sik is the only one who hasn’t participated in the deal among the three people who are related to former chairman Hong.
This led to speculation that the Hong family might want to repurchase the company from the private equity firm sometime in the future.
However, most industry sources are skeptical about that possibility because the deal did not provide the seller with options such as a call option and a right of first refusal. “The Namyang deal has to be seen as a cash-out by the owner, giving up his management rights amid deteriorating fundamentals due to worsening public opinion and a crippling consumer boycott,” an industry source said.
It is said that the stake owned by Myeong-sik has not been included in the deal from the beginning. Hahn & Co has excluded his stake from the acquisition, probably because it was too small to affect its control of the company.
“Myeong-sik hasn’t participated in the management of Namyang at all, it appears he would hold the company's stake for the longest time among his brothers,” said a second industry source. (Reporting by Byung-yoon Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- '재무개선' AJ네트웍스, 조달비용 '확' 낮췄다
- '9년만에 엑시트' 한앤코, 한온시스템 거래구조 살펴보니
- 한국타이어앤테크놀로지, 한온시스템 인수한다
- [수술대 오른 커넥트웨이브]2대주주 지분매입 나선 MBK, 주식교환 카드 꺼냈다
- [이사회 모니터]이재용 에이비프로바이오 대표, 바이오·반도체 신사업 '드라이브'
- 와이투솔루션, 주인 바뀌어도 '신약' 중심엔 美 합작사 '룩사'
- 아이티센, 부산디지털자산거래소 본격 출범
- 아이에스시, AI·데이터센터 수주 증가에 '날개'
- [이사회 모니터]서정학 IBK증권 대표, ESG위원회도 참여 '영향력 확대'
- SW클라우드 '10주년' 폴라리스오피스, “초격차 밸류업”