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[Alpha Biz= Kim Jisun] Hanwha Group is said to have shifted its position and now plans to acquire the meal service company, Ourhome, in stages, drawing attention to the background of this development.
According to investment banks and industry sources on Thursday, Hanwha Hotels & Resorts is negotiating an agreement to sign a memorandum of understanding (MOU) for the acquisition of Ourhome, with plans to finalize it by early next month. The acquisition of Ourhome is being led by Hanwha Group's third son, Kim Dong-seon, Executive Vice President.
Ourhome is a company where over 98% of the shares are owned by the children of the late Gu Ja-hak, former chairman of Ourhome, who is the grandson of the late Gu In-hye, the founder of LG Group.
Gu Bon-seong, the former vice chairman, and his eldest daughter, Gu Mi-hyun, own 38.56% and 19.28%, respectively, which combined makes up 57.84% of the company. The second daughter, Gu Myeong-jin, holds 19.6%, and the youngest child, Gu Ji-eun, the former vice chairman, owns 20.67%.
Sources from the industry have mentioned that Hanwha Hotels & Resorts initially discussed buying all of the shares held by the eldest son and eldest daughter. However, it is now considering acquiring only 50% of the shares initially, with plans to purchase the remaining 8% of the eldest son's shares in two years.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)