KC Green Holdings Co., Ltd. and INDUSTRIES & COMMERCE INVESTISSEMENTS SAS completed the acquisition of Clestra Hauserman SA from Impala Industries and others.
April 12, 2018
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KC Green Holdings Co., Ltd. (KOSE:A009440) and INDUSTRIES & COMMERCE INVESTISSEMENTS SAS agreed to acquire Clestra Hauserman SA from Impala Industries and others on March 16, 2018. Under the terms of the transaction, KC Green Holdings Co., Ltd. will acquire 67% stake in Clestra Hauserman SA, comprising, 7.24 million existing shares of Clestra Hauserman SA and 2.01 million new shares, for KRW 2.64 billion. INDUSTRIES & COMMERCE INVESTISSEMENTS SAS will acquire 4.56 million shares of Clestra Hauserman SA. Clestra Hauserman SA reported total assets of KRW 47.09 billion, total equity of KRW 3.35 billion, sales of KRW 105.56 billion and net loss of KRW 4.65 billion, in 2017. The transaction was resolved by the Board of KC Green Holdings Co., Ltd. and is expected to be completed on April 3, 2018. Alexandra Bigot and Gabriel Flandin of Willkie Farr & Gallagher LLP acted as legal advisor to Impala Industries.
KC Green Holdings Co., Ltd. (KOSE:A009440) and INDUSTRIES & COMMERCE INVESTISSEMENTS SAS completed the acquisition of Clestra Hauserman SA from Impala Industries and others on April 13, 2018. Laurent Borey of Mayer Brown France acted as legal advisor for INDUSTRIES & COMMERCE INVESTISSEMENTS. Alexandra Bigot, Gabriel Flandin, and Louis Jambu Merlin of Willkie Farr & Gallagher LLP acted as legal advisor for Impala SAS, parent of Impala Industries. Ludovic Gloeckler of Cabinet Fidal acted as legal advisor for Clestra Hauserman. Guillaume Rougier-Brierre and Natalia Li of Gide Loyrette Nouel A.A.R.P.I. and Lee Hyung Ki of Yulchon acted as legal advisor for KC Green Holdings.
KC Green Holdings Co.,Ltd. is a Korea-based holding company engaged in the management of its subsidiaries. Through its subsidiaries and affiliates, the Company operates in four main sectors: environmental engineering, specialized in electrostatic precipitators manufacturing, technological consulting and design of environmental systems including flue gas desulfurization systems, water treatment systems and others; environmental services, specialized in safe waste industrial treatment services, waste catalyst regeneration production and others; environment-friendly manufacturing, specialized in the production of glass bottles including medicine bottles, beverage bottles, agricultural chemical bottles and beer bottles, and renewable energy, specialized in photovoltaic power production and solar power plant maintenance and services.
KC Green Holdings Co., Ltd. and INDUSTRIES & COMMERCE INVESTISSEMENTS SAS completed the acquisition of Clestra Hauserman SA from Impala Industries and others.