Is considering the sale of such [Korea gimeunji financial newspaper News] Korea's largest private equity fund MBK Partners of Eland Group franchises and Ashley brand byeolgok nature.
10 days, according to E-Land and Investment (IB) industry Eland has recently promoted the restaurant business due diligence and the negotiation rights to grant such exclusive price buyout (takeover) Arguments of the major franchise brand MBK Partners.
The current deal early stage MBK Partners has entered the due diligence of last week for 6 weeks.
The due diligence MBK Partners has been made to the proposed acquisition, first in the Highlands side. To the advisors are dwaeteumyeo EY HANYOUNG selected whether the deal is closed, but you can not yet predict conveyed to the acquisition of MBK commitment strong.
Operating in Highlands Park Highlands based catering franchises, including 18 dog Ashley and natural byeolgok, investigation, pizza Mall Cafe.
Eland side sees a breather on the improvement of financial structure teuil through the sale of franchise catering Highlands Park. Eland said that "seeing into one of the options for improving financial structure of the Group" s related to the sale said.
Eland is currently the largest shareholder of E-Land Retail Park held a 85.3%, Eland World, holds a 14.66% stake in Eland Park.
Last year, sales of the Highlands Park is a 805.5 billion scale of the catering sector sales are 700 billion size.
Yet progress in the early stages IB or industry is expected to have during this time will be close to M & A Eland funding of about 1 billion.
Also Eland is concentrating power in Yufu Real Estate Land for sale financial restructuring with the sale of this brand catering franchise. Eland this year plans to also dispose of open area located in Busan in writing and minrak was determined that the closing of the NC Pyeongchon.
Promoting the sale of the Seongnam Industrial Park and Daedeok Techno Valley real estate, Namdong Incheon and Daegu sinseodong real estate, warehouse and factory site and jump Gangnam nation of Milan also plans to parallel.
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