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    A112610   KR7112610001

CS WIND CORPORATION

(A112610)
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CS Wind Corporation completed the acquisition of Vestas Towers America, Inc. from Vestas America Holding, Inc. for approximately KRW 180 billion.

08/02/2021 EDT

CS Wind Corporation (KOSE:A112610) agreed to acquire Vestas Towers America, Inc. from Vestas America Holding, Inc. for approximately KRW 170 billion on June 3, 2021. The consideration will be paid in cash. CS Wind Corporation will acquire 0.010854 million shares of Vestas Towers America, Inc. Payment expected period is July 1, 2021. The transaction will be funded using capital increase funds. Vestas Towers America reported total assets of KRW 243.414 billion, total equity of KRW 65.732 billion, sales of KRW 358.702 billion, total debt of KRW 177.682 billion and net income of KRW 8.08 billion in the previous year. The acquisition of the Pueblo facility, that Vestas owns, will increase its global workforce to more than 3,300. The transition will take four to eight weeks as the deal is subject to regulatory approval. The board has resolved the transaction. The transaction is expected to complete on July 1, 2021. As of July 1, 2021, transaction is expected to complete on August 2, 2021. CS Wind Corporation (KOSE:A112610) completed the acquisition of Vestas Towers America, Inc. from Vestas America Holding, Inc. for approximately KRW 180 billion on August 2, 2021. PricewaterhouseCoopers Korea acted as the external evaluator in the transaction.


© S&P Capital IQ 2021
All news about CS WIND CORPORATION
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08/02CS Wind Corporation completed the acquisition of Vestas Towers America, Inc. from Vesta..
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06/07MARKET CHATTER : CS Wind Takes Over Vestas Towers America for $149 Million
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06/04CS WIND : Vestas - CS Wind to acquire Vestas Pueblo tower factory to strengthen local job ..
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06/03VESTAS WIND A/S : CS Wind to acquire Vestas' Pueblo tower factory to strengthen local job ..
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06/03CS Wind Corporation has signed an agreement to acquire Tower manufacturing facility of..
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06/03CS Wind Corporation agreed to acquire Vestas Towers America, Inc. from Vestas America H..
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More news
Financials
Sales 2021 1 191 B 1,01 B 1,01 B
Net income 2021 91,4 B 0,08 B 0,08 B
Net cash 2021 215 B 0,18 B 0,18 B
P/E ratio 2021 31,1x
Yield 2021 0,65%
Capitalization 3 024 B 2 572 M 2 573 M
EV / Sales 2021 2,36x
EV / Sales 2022 1,77x
Nbr of Employees 90
Free-Float 56,4%
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Technical analysis trends CS WIND CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 10
Last Close Price 71 700,00 KRW
Average target price 104 100,00 KRW
Spread / Average Target 45,2%
EPS Revisions
Managers and Directors
Seung-Bum Kim Co-Chief Executive Officer, Director & VP
Seong-Kwon Kim Chairman & Co-Chief Executive Officer
Sung-Sub Kim President & Director
Min-Ho Jo Executive Board Member & Head-IT
Bang-Chan Kim Chief Operating Officer & Senior Managing Director