(Photo=T'way Air)

 

[Alpha Biz= Reporter Kim Sangjin] Dae Myung Sono Group has purchased an additional 10% stake in T'way Air from W-Value Up for 70.9 billion won. This acquisition increases Dae Myung Sono Group's total stake to 24.9%, narrowing the gap with T'way Holdings and related parties to just 4 percentage points.

On August 1, the Financial Supervisory Service's electronic disclosure system reported that Dae Myung Sono Season will acquire 21,537,898 shares, representing a 10% stake, from W-Value Up, a private equity investment vehicle of JKL Partners. The acquisition aims to enhance business diversification and create synergies.

This move follows Dae Myung Sono Group's earlier purchase of a 14.9% stake in T'way Air through its affiliate, Sono International, for 105.9 billion won. With these transactions, Dae Myung Sono Group's share in T'way Air has risen to 24.9%. T'way Holdings and Yerim Dang, the largest shareholders, currently hold 29.74% of the company, leaving Dae Myung Sono Group just 4.84 percentage points behind as the second-largest shareholder.

 

 

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