CS Wind Corporation (KOSE:A112610) agreed to acquire 60% stake in Asm Industries S.A. for KRW 62.9 billion on July 27, 2021. As per terms, Consideration shall be paid in cash to acquire 0.29 million shares of Asm Industries S.A. The total asset and net asset of Asm Industries S.A. in 2021 is KRW 99.5 billion and KRW 25.2 billion respectively. Asm Industries S.A. generated total assets of 880.7 billion at the end of the most recent business year. The transaction is resolved by the board of Asm Industries S.A. on July 27, 2021. As per the article on August 19, 2021, CS Wind applied for the permission of Portugal's competition watchdog. The transaction is expected to complete on September 15, 2021. Francisco Santos Costa and Pedro Marques Bom of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor to CS Wind Corporation. GBS Corporate Finance S.A. acted as financial advisor to Asm Industries S.A. As of September 15, 2021, CS Wind Corporation announced the correction in expected closing from September 15, 2021 to October 1, 2021.