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Shares plunged in the 10% range on news of Hana Tour's sale

Business / Paul Lee / 03/28/2024 03:13 AM

(Photo = Yonhap news)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Hana Tour, the No. 1 domestic travel platform, has been put up for sale.

According to the investment banking (IB) industry on the 26th, IMM Private Equity (PE), a native private equity fund, has begun the process of selecting Hana Tour sales managers.

The sale target is a 16.68% stake in Hana Tour held by IMM PE through a special purpose corporation. In addition, the company plans to sell about 27.78% of shares in related parties such as founder Park Sang-hwan (6.53%) and co-founder Kwon Hee-seok (4.48%).

Hana Tour consists of IMM PE and founder shares (27.78%), National Pension Service shares (5.39%), and other minority shareholders (65.91%).

This sale is a sale of managerial rights.

Compared to the market capitalization (1.126 trillion won), the market price of the 27.78% stake to be sold is 316.8 billion won. In addition, adding a management premium is expected to set a higher price.

 

AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)

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