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New Deal

New Deal

Announced

16 Nov 2020

Hanjin KAL and Korean Air to acquire Asiana Airlines for $1.6bn.

Financials

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Transaction Value£1,229m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Asiana Airlines

bidder

Hanjin Kal Corporation

bidder

Korean Air

Sources

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Press Release

Korean Air - 16 Nov 2020

Tags

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Friendly

Majority

South Korea

Private

Domestic

Airlines

Acquisition

airlines

Pending

Synopsis

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Hanjin KAL, a South Korean chaebol, and Korean Air, the flag carrier of South Korea, agreed to acquire Asiana Airlines, a South Korean airline, for $1.6bn.

Service Providers (1)

Dealmakers

legal advisors

Jones Day

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