Hanwha Aerospace Co., Ltd. (KOSE:A012450) agreed to acquire 6.80% stake in NextDecade Corporation (NasdaqCM:NEXT) for approximately KRW 180 billion on June 14, 2024. A cash consideration of KRW 180.32 billion will be paid by Hanwha Aerospace Co., Ltd. As part of consideration, KRW 180.32 billion is paid towards common equity of NextDecade Corporation.

The expected completion of the transaction is July 26, 2024.