Reuters logo
Hyundai Green Food pulls out of $147 mln WiniaMando purchase
September 4, 2014 / 11:52 PM / 3 years ago

Hyundai Green Food pulls out of $147 mln WiniaMando purchase

SEOUL, Sept 5 (Reuters) - South Korea’s Hyundai Green Food Co Ltd said on Friday it has pulled out of negotiations to acquire kimchi refrigerator maker WiniaMando Inc.

Hyundai Green Food said in a regulatory filing it had made the decision to pull out of the talks after failing to reach a final agreement.

Hyundai said in August that it agreed to acquire WiniaMando for around 150 billion won ($147.25 million) from global private equity firm CVC Capital Partners. Hyundai’s regulatory filing did not elaborate on why the deal was not completed. (1 US dollar = 1,018.7000 Korean won) (Reporting by Se Young Lee; Editing by Paul Tait)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below