MBK Partners and Mirae Asset Daewoo to acquire 28.57% stake in CJ Group for $286m.

MBK Partners, a private equity firm, and Mirae Asset Daewoo, an investment bank, agreed to acquire a 28.57% stake in CJ Group, a cinema chain, from CGI Holdings, a South Korean conglomerate, for $286m. The buyers will be given drag-along rights, which would allow them to sell shares under the same condition as a majority stakeholder, while CJ CGV will have a call option, or the rights to buy stocks in CGI Holdings.