Miko Acquires 52 Billion KRW Worth of Hyundai Heavy Industries Power Systems Shares... 49.5% Stake
Mico announced on the 23rd that it will acquire 494,618 shares of Hyundai Heavy Industries Power Systems Co., Ltd., a manufacturer and seller of industrial boilers and scrubbers, for approximately KRW 51.95 billion. After the acquisition, Mico's stake in Hyundai Heavy Industries Power Systems will be 49.5%.
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The company stated that the purpose of the acquisition is to "strengthen the energy and environmental business portfolio and secure future growth engines."
This content was produced with the assistance of AI translation services.
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