SEOUL Aug 13 South Korean aluminium and food
can maker Dongwon Systems Corp said it has agreed to
buy bottle maker Techpack Solutions Co Ltd for 250 billion won
($243 million) from Asia-Pacific private equity fund MBK
In a regulatory filing on Wednesday, Dongwon Systems said
the price tag covers the acquisition of 100 percent of Techpack
Solutions' equity. Dongwon Systems had said on Monday it was
considering buying Techpack.
Including debt, the total deal value is about 450 billion
won, a source with direct knowledge of the matter said. The
source wasn't authorised to discuss the matter and spoke on
condition of anonymity.
MBK and Techpack declined to comment.
Bank of America Merrill Lynch advised MBK on the deal.
($1 = 1,027.4000 Korean won)
(Reporting by Joyce Lee; Editing by Kenneth Maxwell)